Quasinilpotent element ($\rho (x)=0$)

An element of a complex unital Banach algebra is quasinilpotent if its spectral radius is zero, equivalently its spectrum of an element is $\{0\}$. A nilpotent element is quasinilpotent, but the converse need not hold. The Volterra convolution algebra on a finite interval gives powers which never vanish, yet have factorially decreasing norms, making the inverse series for $\lambda e-x$ converge for every $\lambda \ne 0$.