nominal interest rate is the stated interest rate in a note or contract, which may differ from the true or effective interest rate, especially if the lender discounts the loan and advances less than the full amount. (See effective interest rate).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). nominal interest rate. Retrieved September 23, 2026, from http://smartdefine.org/nominal_interest_rate/definitions/1159154 |
| Chicago | Barry Goldsmith. 2010. "nominal interest rate" http://smartdefine.org/nominal_interest_rate/definitions/1159154 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, nominal interest rate, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/nominal_interest_rate/definitions/1159154>. |
| MLA | Barry Goldsmith. "nominal interest rate" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/nominal_interest_rate/definitions/1159154> |