: equal to the annual rate of simple interest that would obtain if interest were not compounded when in fact it is compounded and paid for periods of less than a year
b
: equal to the percentage by which a repaid loan exceeds the principal borrowed with no adjustment made for inflation
Something nominal exists only in name. So the nominal ruler in a constitutional monarchy is the king or queen, but the real power is in the hands of the elected prime minister. In the United Kingdom, the British monarch is also the nominal head of the Church of England; and those baptized in the Church who aren't really churchgoers might be called nominal Christians. A fee can be called nominal when it's small in comparison to the value of what it buys. So, for example, you might sell a friend a good piece of furniture for a nominal amount. And the charge for a doctor's visit might be a nominal $20, since most of the cost is covered by an insurance plan.
AdjectiveWhat gave it resonance was that she was reflecting—in a fun-house mirror—the thuggish behavior of her nominal betters. Hendrik Hertzberg, New Yorker, 5 Dec. 2005Instead they will decentralize and devolve power, and rely on the people over whom they have nominal authority to be self-organizing. Francis Fukuyama, Atlantic, May 1999Approaching his 68th birthday, Rockefeller had never imagined that his twilight years would be so eventful. His fortune had failed to purchase him even a poor man's mite of tranquillity. As nominal president of Standard Oil, he was in a bind, responsible for actions he had not approved. Ron Chernow, Business Week, 18 May 1998Each of the ten years of nominal peace saw plenty of bloodshed. Theodore Roosevelt, The Winning of the West: 1769-1776, (1894) 1995 Her title of vice president had been nominal only. They charge a nominal fee for the service. See More
Recent Examples on the Web
Adjective
Indeed because of briskly rising prices, nominal GDP (that is unadjusted for inflation) grew a robust 8% annual rate in the second quarter. Greg Ip, WSJ, 28 July 2022 The majority of Crimea still spoke Russian and under the Soviet Union, this sort of administrative difference was nominal. Adam Taylor, Washington Post, 11 Aug. 2022 Similarly with staking, oftentimes what's referred to as yield is purely nominal. Steven Ehrlich, Forbes, 30 June 2022 Other than perhaps a nominal fee for parking, a visit to the beach can be an affordable way to cool off and have fun in the sun. Patrick Connolly, Orlando Sentinel, 17 July 2022 Most player guarantees would be nominal, only enough to cover expenses, with the potential of fresh deals for fast-rising talent. Eamon Lynch, USA TODAY, 24 July 2022 Heat interest is believed to be nominal, if existent at all, for the mercurial Brooklyn guard. Ira Winderman, Sun Sentinel, 22 July 2022 The landing of the small descent module was nominal, with clear skies in Kazakhstan a couple of hours before local sunset. Eric Berger, Ars Technica, 30 Mar. 2022 The court also said that Malol must pay Facebook’s parent Meta nominal damages of 50,000 rupees ($628.50) and the cost of the suit. Ananya Bhattacharya, Quartz, 12 July 2022
Noun
And 73 others paid less than half of the US nominal 21% corporate tax rate. Reuven Avi-yonah For Cnn Business Perspectives, CNN, 24 Nov. 2021 Yield differentials between nominal and inflation-protected securities, for example, suggest CPI inflation will spend the next five years hovering mostly around 2.8% but then gradually fall to roughly 2% about a decade from now. Sam Goldfarb, WSJ, 22 Oct. 2021 However, if the Heat were to add a player such as Kyle with cap space, then a return by Oladipo likely would come down to a willingness to take a nominal, if not minimum, salary for the coming season. Ira Winderman, sun-sentinel.com, 30 July 2021 By forcing Republicans to square their new feint toward populism with their continuing loyalty to corporate interests, progressives can exploit a wedge that will help Democrats expand their appeal to nominal (and former) Republicans. Rahm Emanuel, WSJ, 16 May 2021 Investors’ expectations for inflation—as defined by the consumer-price index—over the next 10 years can be gleaned from the difference between nominal and inflation-protected U.S. Treasury yields. Peter Santilli, WSJ, 26 Apr. 2021 See More
Word History
Etymology
Adjective and Noun
Middle English nominalle, from Medieval Latin nominalis, from Latin, of a name, from nomin-, nomen name — more at name