The approximate energy producing capacity of a power plant, under specified conditions, usually during periods of highest load.
Nominal interest rate
The stated rate of interest in a loan agreement.
Nominal loan rate
The loan rate stated on the face of the loan note, which is different from the effective interest rate. If points are charged, the effective rate will be higher.
Nominal pipe size
The approximate dimension of a given size of pipe. Does not always correspond to the outside diameter of the pipe (example - a 4 inch pipe has an outside diameter of 4 1/2 inches.
Nominal price
The price paid for goods or services at the time of a transaction; a price that has not been adjusted to account for inflation.
Nominal size
As applied to timber or lumber, the size by which it is known and sold in the market; often differs from the actual size.
Nominee
A person or company in whose name real estate is transferred. One, who in a limited sense, acts for or represents another.
Non sequitur
Latin for it does not follow. The conclusion of a statement or phrase is illogical.
Non-abrasive scrubbing pad
A cleaning pad that will scrub without scratching metal or acrylic surfaces.
Non-alienation clause
Clause in a document forbidding an individual from selling or transferring a subject property to another and is normally used in a trust where the grantor of the trust believes the designated beneficiary to be a spendthrift.
