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nominal

Pronunciation: [ˈnɒmɪnəl]

Word

Learn how to use nominal in a sentence: 9 audio examples across 3 meanings.

Context: “finance”

(adjective) relating to the stated value or amount without considering how it changes over time. For example, if someone talks about a nominal amount of money, they mean the number that is written or said, not how much it really is worth today.

Example

The nominal interest rate on the loan was 5%, which sounds good.

Example

The nominal value of her savings hasn’t kept up with inflation, so she has less buying power now.

Example

What is the nominal value of this investment compared to its real value?

Context: “grammar”

(adjective) referring to or functioning as a noun in a sentence. When we use the word nominal, we mean that something is acting like a name or label, even if it isn't a regular noun.

Example

In the sentence, 'Swimming is fun,' the word 'swimming' is a nominal subject.

Example

That phrase is not nominal; it doesn’t act like a noun in the sentence.

Example

Can you identify the nominal part of this sentence?

Context: “general use”

(adjective) being small or minimal, usually in terms of money or cost. If something is described as nominal, it means it is not a large amount.

Example

The fee for entering the event was nominal, so many people attended.

Example

The costs were not nominal; they turned out to be very high.

Example

Is the nominal fee worth all the fun we will have?

How to pronounce nominal

Pronunciation: [ˈnɒmɪnəl]

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