© 2014 Shmoop University, Inc. All rights reserved.
 

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Nominal Yield

Definition:

A bond may say, $1,000 par value, 8% coupon, due 2034. The bond may trade up or down from that $1,000 but its nominal yield is 8%. Nom" is name in Latin. We showed up in class that day.

Advertisement
back to top