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
- token
- minimal
- trivial
- insignificant
- in name only
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.
Example
The nominal interest rate on the loan is 5%.
Origins of nominal
from Latin 'nomen', meaning 'name'
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.'
