NOMINAL QUOTE Meaning and
Definition
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The term "nominal quote" is used primarily in the realm of finance and business, referring to an estimated price or value assigned to a particular asset, security, or transaction. A nominal quote serves as a preliminary assessment or approximation of the worth or price of the item in question, usually provided by a financial professional or institution. It is not final or binding but rather serves as an initial point of reference.
A nominal quote allows individuals or organizations to obtain a general idea of the potential cost, value, or profitability associated with a specific investment, transaction, or financial instrument. It can be used by investors, buyers, or sellers to evaluate the feasibility, desirability, or profitability of entering into a particular deal or purchase.
However, it is essential to note that a nominal quote may not reflect the actual market price or value at a given moment, as it represents only an approximation. Market conditions, supply and demand dynamics, and other external factors may influence the ultimate price or value of an asset or transaction.
Nominal quotes are often subject to negotiation and may undergo revisions based on further evaluation, market fluctuations, or additional information. They are an essential tool in decision-making processes related to financial transactions, investments, and acquisitions, serving as a preliminary indicator rather than a final commitment or agreement.
Common Misspellings for NOMINAL QUOTE
- bominal quote
- mominal quote
- jominal quote
- hominal quote
- niminal quote
- nkminal quote
- nlminal quote
- npminal quote
- n0minal quote
- n9minal quote
- noninal quote
- nokinal quote
- nojinal quote
- nomunal quote
- nomjnal quote
- nomknal quote
- nomonal quote
- nom9nal quote
- nom8nal quote
- nomibal quote
Etymology of NOMINAL QUOTE
The term "nominal quote" does not have a specific etymology of its own as it is formed by combining two separate words: "nominal" and "quote".
1. Nominal: The word "nominal" originates from the Latin word "nōminālis", derived from "nōmen", meaning "name". In English, "nominal" generally means "in name only" or "existing in name but not in reality". It is often used to describe something that has a title or a name but lacks substance or significance.
2. Quote: "Quote" comes from the Latin word "quotare", which means "to mark with numbers". It evolved in Old French as "coter", meaning "to set a price". In English, "quote" is used as a noun to refer to a statement or an excerpt that is repeated or attributed to someone.
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