Definition of “nominal” - English Dictionary

“nominal” in British English

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uk /ˈnɒm.ɪ.nəl/ us /ˈnɑː.mə.nəl/

(Definition of “nominal” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“nominal” in American English

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nominaladjective [ not gradable ]

us /ˈnɑm·ə·nəl/

nominal adjective [ not gradable ] (NOT IN REALITY)

in name or thought, but not in reality:

He’s the nominal head of the university.

nominal adjective [ not gradable ] (SMALL)

(of a sum of money) very small compared to an expected price or value:

There is a nominal fee for the workshop.

(Definition of “nominal” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“nominal” in Business English

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uk /ˈnɒmɪnəl/ us

very small, or smaller than the usual amount:

The hotel developers will lease the land for a nominal fee .
We pay our volunteers a nominal amount.
The costs incurred to activate the new service would be nominal.

used to describe something that is said to be a particular thing, but is not actually that thing:

Although he has retired, the company is still under his nominal control.
He regarded this responsibility as purely nominal.

ECONOMICS a nominal amount relates to prices or rates that are correct at the present time but do not show the effect of inflation:

Merchandise imports have expanded significantly faster than world trade in both real and nominal dollar values.

(Definition of “nominal” from the Cambridge Business English Dictionary © Cambridge University Press)