When a share is sold for less than its nominal value, the difference is called

When a share is sold for less than its nominal value, the difference is called a "discount." Nominal value is the face value of a share or stock, and it represents the minimum amount for which the share can be issued. When a company issues shares at a price below their nominal or face value, it means that the shares are being sold at a discount. This can happen when a company needs to raise capital quickly or when the market conditions are not favorable. The amount of the discount is the difference between the nominal value of the share and the price at which it is being sold.