noun a word or phrase functioning as a noun
adjective relating to a noun or a word group that functions as a noun
adverb in name only; insignificantly small
In finance, nominal refers to the face value of a financial instrument or the rate of interest before adjusting for inflation.
In linguistics, nominal refers to a word or phrase that functions as a noun.
In statistics, nominal data is categorical data that has no inherent order or ranking.
In engineering, nominal dimensions refer to the theoretical size of a part or component.
In economics, nominal values are not adjusted for inflation, while real values are adjusted for inflation.
In the writing industry, 'nominal' is often used to describe a role or title that is given in name only, without the full responsibilities or authority associated with it.
In psychology, 'nominal' can refer to a variable that is measured or observed in name only, without a true quantitative value attached to it.
In accounting, 'nominal' is used to describe accounts that track expenses, revenues, gains, and losses, but do not represent real, tangible assets or liabilities.
In engineering, 'nominal' is used to describe a value that is specified as a standard or approximate measurement, rather than an exact or precise one.
In law, 'nominal' can refer to a token payment or symbolic amount that is given as a formality, without any real financial significance.