- The definition of nominal is something that has almost no value or something that exists in name only.
An example of nominal is when a person in a court case is minimal damages of only $1 because he was wronged but didn't actually suffer any harm.
- of, consisting of, having the nature of, or giving a name or names
- of or having to do with a noun or nouns
- in name only, not in fact: the nominal leader
- very small compared to usual expectations; slight: a nominal fee
Origin of nominalMiddle English nominalle ; from Classical Latin nominalis, of a name ; from nomen, name
- a. Of, resembling, relating to, or consisting of a name or names.b. Assigned to or bearing a person's name: nominal shares.
- a. Existing in name only; not real: “a person with a nominal religious position but no actual duties” (Leo Damrosch).b. Insignificantly small; trifling: a nominal sum.
- Philosophy Of or relating to nominalism.
- Economics Of or relating to an amount or rate that is not adjusted for inflation.
- Business Of or relating to the par value of a security rather than the market value.
- Grammar Of or relating to a noun or word group that functions as a noun.
Origin of nominalMiddle English nominalle, of nouns, from Latin nōminālis, of names, from nōmen, nōmin-, name; see n&obremac;-men- in Indo-European roots.
- Of, resembling, relating to, or consisting of a name or names.
- Assigned to or bearing a person's name.
- Existing in name only.
- a nominal difference
- (philosophy) Of or relating to nominalism.
- Insignificantly small; trifling.
- He gave me only a nominal sum for my services.
- Of or relating to the presumed or approximate value, rather than the actual value.
- The nominal voltage is 1.5 V, but the actual figure is usually higher.
- (finance) Of, relating to, or being the amount or face value of a sum of money or a stock certificate, for example, and not the purchasing power or market value.
- (finance) Of, relating to, or being the rate of interest or return without adjustment for compounding or inflation.
- (grammar) Of or relating to a noun or word group that functions as a noun.
- This sentence contains a nominal phrase.
- (engineering) According to plan or design; normal.
- We'll just do a nominal flight check.
- (economics) Without adjustment to remove the effects of inflation; contrasted with real.
- My employer does not understand how low my nominal wage is.
- The nominal GNP of this country is pretty low.
- (statistics, of a variable) Having values whose order is insignificant.
- (economics): real
nominal - Computer Definition
In name only, but not in reality. A T1 circuit sometimes is described as having a nominal transmission rate of 1.5 Mbps, although in reality the signaling rate is 1.544 Mbps and its payload is 1.536 Mbps. It is easier to say one point five Megabits per second or one and a half Megabits per second than one point five four four Megabits per second. It is not exact, but it is close enough for all but the most obnoxious purists. Similarly, an E-1 is generally described as having a transmission rate of 2 Mbps, although in reality the signaling rate is 2.048 Mbps and the payload is 1.92 Mbps. See also payload, signaling rate, and transmission rate.
nominal - Investment & Finance Definition
A number that hasn’t been adjusted. For example, a sales number that hasn’t been adjusted for price changes is a nominal sales number. A nominal interest rate is the interest rate that is actually paid, as opposed to the amount that is owed. If a consumer pays 8 percent on a car loan, the nominal interest rate is 8 percent. Nominal income means income that hasn’t been adjusted for any changes in the dollar’s purchasing power. Nominal dollar means money that hasn’t been adjusted for inflation.