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Definition: Nominal interest
Category: SNA
When a debtor discharges the principal by making payments equal in money value to the funds borrowed plus the interest accruing at the agreed rate over the time the debt exists, the associated interest payments are described as "nominal" (SNA 2008, § 7.120). When a debtor is able to discharge his liability to the creditor by repaying principal equal in money value to the funds borrowed, the associated interest payments are described as "nominal" (SNA 1993, § 7.109). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf United Nations, System of National Accounts (SNA) 1993, United Nations, New York, 1993
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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