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TeachMeFinance.com - explain Nominal price Nominal price The term 'Nominal price' as it applies to the area of energy can be defined as ' The price paid for a product or service at the time of the transaction. Nominal prices are those that have not been adjusted to remove the effect of changes in the purchasing power of the dollar; they reflect buying power in the year in which the transaction occurred'. Previous 5 Terms: NOGAPS NOHRSC Noload loss Nominal diameter Nominal dollars Next 5 Terms: Nominal size Nominal Voltage nomogeny nomology Nonassociated natural gas About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.