Nominal rate(s) definition
Nominal rate(s) means a price which is so small or slight that it is not considered real or substantial in comparison with what might reasonably be expected.
Examples of Nominal rate(s) in a sentence
The highest rates apply to the use of fossil fuels in road transport.30 Nominal rates on natural gas and electricity use for residential consumers are also significant, but there is a reduced VAT rate (10% instead of 22%) for these two energy carriers.