NOMINAL ANNUAL RATE
\nˈɒmɪnə͡l ˈanjuːə͡l ɹˈe͡ɪt], \nˈɒmɪnəl ˈanjuːəl ɹˈeɪt], \n_ˈɒ_m_ɪ_n_əl ˈa_n_j_uː_əl ɹ_ˈeɪ_t]\
Sort: Oldest first
-
An investment or debt instrument's stated annual interest rate. Does not include a compounding component and is not adjusted even if the return is paid monthly, semiannually or annually. Also known as effective annual interest rate.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.