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LSDefine

Simple English definitions for legal terms

nominal rate

Read a random definition: en fait

A quick definition of nominal rate:

Nominal rate: This is another term for interest rate. It refers to the percentage of money that a lender charges a borrower for borrowing money. For example, if you borrow $100 and the nominal interest rate is 5%, you will have to pay back $105. It is important to note that the nominal rate does not take into account inflation or other factors that may affect the real cost of borrowing.

A more thorough explanation:

Definition: The nominal rate is another term for the interest rate. It is the rate at which interest is charged on a loan or investment, without taking into account any other factors such as inflation or compounding.

Example: If you take out a loan with a nominal rate of 5%, you will be charged 5% interest on the amount you borrow. However, if inflation is 2%, the real interest rate (the rate adjusted for inflation) is only 3%. This means that the actual cost of borrowing is lower than the nominal rate suggests.

Explanation: The example illustrates how the nominal rate is the rate at which interest is charged on a loan or investment, without taking into account any other factors. In this case, inflation is a factor that affects the real cost of borrowing, but it is not included in the nominal rate. The example shows that the nominal rate can be misleading if it does not take into account other factors that affect the cost of borrowing or the return on investment.

nominal plaintiff | nominal sentence

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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