Nominal

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Nominal

Trifling, token, or slight; not real or substantial; in name only.

Nominal capital, for example, refers to extremely small or negligible funds, the use of which in a particular business is incidental.

NOMINAL. Relating to a name.
     2. A nominal plaintiff is one in whose name an action is brought, for the use of another. In this case, the nominal plaintiff has no control over the action, nor is he responsible for costs. 1 Dall. 1 39; 2 Watts, R. 12.
     3. A nominal partner is one, who, without having an actual interest in the profits of a concern, allows his name to be used, or agrees that it shall be continued therein, as a partner; such nominal partner is clearly liable to the creditors of the firm, as a general partner, although the creditors were ignorant at the time of dealing, that his name was used.. 2 H. Bl. 242, 246; 1 Esp. R. 31; 2 Campb. 302; 16 East, R. 174; 2 B. & C. 411.

References in periodicals archive ?
Those who use this nominal dollar averaging often calculate the percentage reduction instead of calculating the actual dollar reduction.
(2.) There are also advantages to making forecasts in nominal dollars and using a nominal discount rate.
Over the past generation, the sticker prices for microwave ovens, camcorders, and many other items have fallen in nominal dollars as well as time costs.
The news overall was better than last year in that budgets were not cut in nominal dollars. Cuts in nominal dollars are particularly serious because agencies must pay cost of living adjustments on wages and office space.
The report is forecasting output growth in nominal dollars for franchise businesses to increase 5.5 percent in 2015 (to $891 billion), which is faster than the 5.0 percent gain in 2014 and up slightly from our June forecast.
of project costs funded by SCE and its partners (estimated direct costs in nominal dollars, excluding corporate overheads).
Growth of the output of franchise businesses in nominal dollars will accelerate to 5.5 percent in 2015, while the gross domestic product of the sector will rise by 5.2 percent to $521 billion.
(estimated direct costs in nominal dollars excluding corporate overheads).
GDP has been revised downward and now shows growth of only 3.4 percent increase in nominal dollars in 2015 for the overall economy, IHS expects the Gross Domestic Product of the franchise sector in nominal dollars to increase by 5.2 percent to $521 billion in 2015.
The output of franchise establishments in nominal dollars in 2013 will increase 4.3 percent (following a 4.9 percent increase in 2012) from $769 billion to $802 billion (an increase of $33 billion).
used to convert nominal dollars to chained (2009) dollars.