The interest rate discounting the effect of compounding, expressed on a per annum basis that applies to a mortgage, credit card or similar loans. It is also known as effective loan rate.

A person who neither has ownership rights or active involvement in the firm’s affairs, but has a strong interest in the success of the partnership firm. Often a well known, well connected

An indicator stating the Buying or selling prices that is used for valuation purposes, rather than as a bid or offer.

The price of an item which is estimated, and has no correlation to the market price. The sole purpose of the nominal price is to initiate a trade. It is used when

An entity whose involvement as a defendant in a case has no bearing on the outcome. The entity is usually called upon due to court procedures mandating its presence in the case.

The gross income of the population within a country expressed in the national currency. It does not factor in the reduction in purchasing power due to inflation or outstanding debt

Return on an investment given in current dollars, without taking into account the effects of compounding, discounting or inflation.

1. Bank deposits: The stated rate of interest on deposits that is expressed in terms of current dollar, which does not take the effects of inflation and compounding into effect. It is

A price quote on the value of a futures contract that has not been bid on for a long duration. Also referred to as nominal price, nominal quotation or subject quote

The duty associated with imported goods that does not take into consideration the effect of inflation or other taxes. As such it is not a true reflection of the price at the

Wage in current dollars, as an indicated of its purchasing power of goods and services. It differs from its true value.

Also known as categorical variables or the variables in financial equations that are not dependent on the rate of inflation and other such factors.