Finance people, Accountants i need some help..

Found 6th Dec 2008
Hi all,
Basically im in my 2nd year at Uni doing Accountancy and Finance.
And im stuck on what something means..

"Borrowing at 1.09 per cent (including a cap on its nominal liability at 7 % inflation)."

Anyone explain to me what this means, the nominal liability part?

Community Updates
bump guys!
Worked in finance for 20 years and I'm not sure what is meant by that! :oops:

Are you sure you have given all of the details? IE: Is the interest rate linked to inflation.

If there is a more expansive question, pm me and I'll see if I can figure it out.
That to me means that they are linking the nominal liability to real liabillty @
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