A measure of value of assets and liabilities. For an asset, it is its unadjusted value that does not take into account any deductions and premiums (such as expenses, inflation, deflation, taxes, depreciation, etc.) For example, the price of an inventory item as stated by the seller is a nominal value. For a bond, it is the face value of the bond, irrespective of changes in its market value. For a bank account, it is the monetary value deposited in the account without consideration of changes in the price level in the economy. For a stock, it is the value at which it was issued, irrespective of its market value in the secondary market.

The nominal value is not the real value of an item. It is also known as face value, par value, or at times book value (the original or gross book value of an item).