Nominal Accounts

Business / Accounting / Nominal Accounts: Accounts that are closed to a zero balance at the end of each accounting period: temporary accounts generally appearing on the income statement.

Other Words for Nominal

Nominal Adjective Synonyms: titular, in name only, formal, pretended, so-called, self-styled, soi-disant, professed, purported, supposed, would-be, representational, represented, supposititious, proposed, propositional, puppet
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Nominal Ledger

Business / Accounting / Nominal Ledger: A ledger which holds all the nominal accounts of a business. Where the business uses a subsidiary ledger like the sales ledger to hold customer details, the nominal ledger will usually include a contr MORE

Nominal Group Technique

Business / Human Resources (HR) / Nominal Group Technique: A consensus planning tool used to identify the strengths of an organization, department or division, whereby participants are brought together to discuss important issues, problems and solutions. MORE

Nominal Impedance

Technology / Home Audio / Nominal Impedance: The minimum impedance a loudspeaker presents to an amplifier, directly related to the power the speaker can extract from the amplifier. MORE

Nominal Income

Business / Finance / Nominal Income: Income that has not been adjusted for inflation and decreasing purchasing power. MORE

Nominal Interest Rate

Business / Finance / Nominal Interest Rate: The interest rate unadjusted for inflation. MORE

Nominal Exercise Price

Business / Finance / Nominal Exercise Price: The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price. MORE

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