How to pronounce Nominal?

The correct way to pronounce Nominal is [NAH-muh-nuhl]. Emphasis is on the 2 syllable. To learn how to pronounce Nominal, listen and repeat:

What's the definition of Nominal?

Nominal – a term used to describe something that exists in name only. It can also refer to a level of measurement or status that is not significant in practical terms. In economics, it might indicate a value without adjustment for inflation. In finance, nominal interest rates do not account for the effects of compounding. The term can also describe something as being minimal or small.

Examples of usage of Nominal

  1. The nominal fee for processing the application is just ten dollars.
  2. Although his nominal title was manager, he had little real authority in the company.
  3. The country's nominal GDP gives an estimate of its total economic output, but it does not consider inflation.
  4. In the contract, the nominal amount specified was much lower than the actual cost.
  5. Her nominal role in the project involved overseeing the budget, but she had a far greater impact.