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Related to Nominal: Nominal scale, Nominal data


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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
In order to identify structural shocks from the observed fluctuations in nominal and real wages, Moore and Pentecost (2006) apply a bivariate structural vector autoregressive (SVAR) procedure.
For, in view of the distinction between explanatory and nominal understanding, it follows that "mathematics" through a technique oriented textbook approach is experience with "mathematics" in name only.
These two facts, defendants argue, make him a nominal party.
And the average monthly nominal wage amounted to 2.14 million soums, which is 22.1 percent more than in the same period in 2017.
In nominal terms, the sector grew 14.8% y-o-y and 2.1% q-o-q.
The ministry said weaker nominal growth has worsened household and corporate sentiment, which has had an impact on consumption, investment and job markets.
To understand how risky the rise of debt is, nominal debt must be compared to real GDP.
To the extent that inflation risk is small at short-horizons, nominal short-term bonds are good substitutes for inflation-indexed short-term bonds.
Figures by a key Arab League organization showed nominal growth is expected at around 17.8 per cent this year as crude prices are projected to remain above $100 a barrel and the UAE is pumping at one of its highest levels of about 2.6 million bpd.
It should be noted that the price has held above 105.0% of the nominal during the whole of August.
Based on analysis, the report found that the highest percentage of value traded (34 percent) YTD has come from stocks with nominal prices under SR15 (up from an average of 18-19 percent in 2010-2011).
What we show here is inflation expectations as a percent of nominal yield (see Exhibit 2).