One of the mysteries of the English language finally explained.
1The value that is stated on a coin or note; face value.
- ‘The nominal value of the coin is 1.95583 leva, the exact equivalent of one euro according to the fixed exchange rate under the currency board arrangement.’
- ‘Two commemorative gold and silver coins, with a nominal value of CHF 20 and 50, will be specially issued by the Federal Mint.’
- ‘The nominal value of each note was £25M and each note was redeemable on 15 December 1995.’
- ‘Fixing the value of money depended upon correlating the quantity of precious metal in the coin with its nominal value.’
- 1.1 The price of a share, bond, or stock when it was issued, rather than its current market value.
- ‘The company will offer 150 000 shares with a nominal value of 10 leva and an issue price of 30 leva each.’
- ‘Maltby argues that the general fall in nominal values of shares, combined with a declining use of uncalled capital, had a significant impact during the last third of the 19th century.’
- ‘The bonds had a total nominal value of Rp 300 billion.’
- ‘It will cut the nominal value of each consolidated share from HK $5 to HK $0.01 by cancelling HK $4.99 from the paid-up capital on each consolidated share.’
- ‘The shareholders decided to split the stock, changing the nominal value of each share from 35 leva to 1 lev, thus increasing the number of shares from 8.25 million to 288.76 million.’
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