nominal

[ˈnɑːmɪnəl]

nominal Definition

  • 1(of a role or status) existing in name only
  • 2very small; far below the real value or cost
  • 3(of a price or amount of money) very small; token

Using nominal: Examples

Take a moment to familiarize yourself with how "nominal" can be used in various situations through the following examples!

  • Example

    He was the nominal head of the company.

  • Example

    The fee is nominal and covers administrative costs only.

  • Example

    The car was sold for a nominal sum.

  • Example

    The difference between the two prices is nominal.

nominal Synonyms and Antonyms

Synonyms for nominal

Antonyms for nominal

Phrases with nominal

  • nominal value

    the face value of an amount of money, a stamp, or a share certificate

    Example

    The nominal value of the bond is $1000.

  • nominal GDP

    the total value of goods and services produced by a country, measured in current prices without adjustment for inflation

    Example

    The nominal GDP of the country has increased by 5% this year.

  • the interest rate before taking inflation into account

    Example

    The nominal interest rate on the loan is 5%.

Origins of nominal

from Latin 'nomen', meaning 'name'

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Summary: nominal in Brief

The term 'nominal' [ˈnɑːmɪnəl] refers to something that exists in name only, or is far below its real value or cost. It is often used to describe a role or status, as in 'He was the nominal head of the company.' 'Nominal' can also refer to a small or token amount, as in 'The fee is nominal and covers administrative costs only.'