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| Nominal capacity
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The approximate energy producing capacity of a power plant, under specified conditions, usually during periods of highest load. |
| Nominal interest rate
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The stated rate of interest in a loan agreement. |
| Nominal loan rate
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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
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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
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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
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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
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A person or company in whose name real estate is transferred. One, who in a limited sense, acts for or represents another. |
| Non sequitur
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Latin for it does not follow. The conclusion of a statement or phrase is illogical. |
| Non-abrasive scrubbing pad
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A cleaning pad that will scrub without scratching metal or acrylic surfaces. |
| Non-alienation clause
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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. |
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