Definitions
Nominal Price - as a noun
An estimated price that may or may not resemble an asset's market price.
Example: "A nominal price can be established as part of a negotiation, or as an initial price when a product has just been introduced."
Example Sentences
"I bought this beautiful painting at a nominal price."
"The company is selling their old stock at a nominal price."
"He was able to attend the concert because he got tickets at a nominal price."
"We offer high-quality products at nominal prices."
"The book was available for a nominal price during the sale."