NOMINAL Definition

Bookmark and Share

NOMINAL means small payment, or value.

Learn new Accounting Terms

EX-FACTORY is where a sellers responsibility ends when the buyer at point of origin, i.e., factory, accepts merchandise. This can also be written as Ex-Warehouse, Ex-works, etc.

UNSECURED is obligation backed not by collateral but only by the integrity of the borrower. Opposite of secured.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.