About: Nominal fee

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A nominal fee refers to a sale of a good or service for far less than it is actually worth, when it cannot be given away for free. Typically, such a sale will be for the smallest full denomination of a currency (for example, one dollar). Nominal fees are necessary when contracts are signed, since in order for a contract to be valid, some form of payment must be involved.

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dbo:abstract
  • A nominal fee refers to a sale of a good or service for far less than it is actually worth, when it cannot be given away for free. Typically, such a sale will be for the smallest full denomination of a currency (for example, one dollar). Nominal fees are necessary when contracts are signed, since in order for a contract to be valid, some form of payment must be involved. (en)
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  • 13471868 (xsd:integer)
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  • 1939 (xsd:nonNegativeInteger)
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  • 1085333548 (xsd:integer)
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dbp:date
  • April 2022 (en)
dbp:details
  • this page may lend undue weight to nominal-fee transactions in the railway field (en)
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rdfs:comment
  • A nominal fee refers to a sale of a good or service for far less than it is actually worth, when it cannot be given away for free. Typically, such a sale will be for the smallest full denomination of a currency (for example, one dollar). Nominal fees are necessary when contracts are signed, since in order for a contract to be valid, some form of payment must be involved. (en)
rdfs:label
  • Nominal fee (en)
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