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Definition of Nominal

Nominal

  1. Of or pertaining to a name or names; having to do with the literal meaning of a word; verbal; as, a nominal definition.
  2. Existing in name only; not real; as, a nominal difference.
  3. A nominalist.
  4. A verb formed from a noun.
  5. A name; an appellation.

Nominal Quotations

Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Janet Yellen

It is with government paper, and bank paper, as it is with the paper of private persons; that is, it is worth just what can be delivered in redemption of it, and no more. We all understand that the notes of the Astors, and Stewarts, and Vanderbilts, though issued by millions, and tens of millions, are really worth their nominal values.
Lysander Spooner

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.
George Akerlof

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
William Vickrey

I can see a day soon where you'll create your own college degree by taking the best online courses from the best professors from around the world - some computing from Stanford, some entrepreneurship from Wharton, some ethics from Brandeis, some literature from Edinburgh - paying only the nominal fee for the certificates of completion.
Thomas Friedman
More "Nominal" Quotations

Nominal Translations

nominal in German is nominal, namentlich, namentliche
nominal in Spanish is nominal
nominal in Swedish is symbolisk
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