NOMINAL LEDGER Definition

Bookmark and Share

NOMINAL LEDGER is the account book showing expenditure on nominal accounts i.e. named business accounts such as postage, printing, etc.

Learn new Accounting Terms

LETTER OF AWARENESS is a formal letter written to a lender, normally by a parent company, acknowledging its relationship with another group company and its awareness of a loan being made to that company. It is the weakest form of comfort letter. Such letters do not constitute a guarantee, but may nevertheless involve a significant moral commitment on the part of the writer.

STRIPPED PRICE, for a preferred stock, is the market price minus the theoretical dividend.

Suggest a Term

Enter Search Term

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