The nominal price deducted by the bank means that although the contract stipulates the price, the goods you actually trade are not at this price.

Nominal amount refers to the principal amount of interest rate at the time of signing the agreement. This interest rate is the ratio of interest amount to principal in a certain period, that is, the nominal amount. Nominal amount refers to the monetary capital that the lender gave up and could have brought use value. Lenders and bank intermediaries need to pay certain remuneration to lenders, so the interest rate is a positive percentage rate based on the nominal amount.

Nominal amount refers to the principal amount of interest rate at the time of signing the agreement. This interest rate is the ratio of the interest amount to the principal, that is, the nominal amount, in a certain period.