Can some one define Nominal Interest Rate.

i want to understand the basic ideology behind Nominal Interest Rate.
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"-- A nominal interest rate, r, is an interest rate that does not include any consideration of compounding -- Mathematically we have the following definition: -- r = (interest rate per period)(No. of Periods) Source:"
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"With fund and overall costs, titular interest or even small interest identifies two distinctive factors: the incidence of interest ahead of realignment for the cost of living (in contrast while using the authentic interest rate); or maybe, regarding mortgage rates ""as stated"" devoid of change with the full influence associated with combining (also called the titular annual fee). Mortgage is named minimal in the event the frequency regarding combining (at the.gary. every thirty days) is not comparable to the usual unit of time (ordinarily a class). "
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