The price quotation calculated for futures or options for a period during which no actual trading occurred. These quotations are usually calculated by averaging the bid and asked prices. The CENTER ONLINE Futures Glossary
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Price quotations on futures for a period in which no actual trading took place. Bloomberg Financial Dictionary
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nominal price UK US noun [C]
► COMMERCE an amount of money paid for something that is very small or much less than the usual amount: »
You may be able to get a ticket free or at a nominal price.
► ACCOUNTING the amount of money something is worth, without considering the effect of inflation
► FINANCE, STOCK MARKET NOMINAL QUOTATION(Cf. ↑nominal quotation)
Financial and business terms. 2012.