Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. David is comprehensively experienced in many facets of financial and legal ...

is—it’s effectively a percentage of an amount over a year. If your savings account earns you a 0.05% interest per year (which is a really terrible interest rate, honestly), you earn $5 in interest for ...

Nominal means unadjusted for inflation or simply a face value in finance. Nominal fees are minor compared to the main product or service cost. Market values of stocks and bonds can differ ...