NOMINAL ANNUAL RATE
\nˈɒmɪnə͡l ˈanjuːə͡l ɹˈe͡ɪt], \nˈɒmɪnəl ˈanjuːəl ɹˈeɪt], \n_ˈɒ_m_ɪ_n_əl ˈa_n_j_uː_əl ɹ_ˈeɪ_t]\
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An investment or debt instrument's stated annual interest rate. Does not include a compounding component and is not adjusted even if the return is paid monthly, semiannually or annually. Also known as effective annual interest rate.
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.