Definitions of "nominal"
  1. Something that is stated or appears in a certain way but may not truly be that way in essence or fact
  2. A trivial or small amount that could merely be considered symbolic or a token
  3. The similar annual interest rate that would occur without interest compounding during periods of less than a year
  4. The percentage by which a paid-back loan surpasses the original principal amount borrowed with no adjustment for inflation
How to use "nominal" in a sentence
  1. The nominal fee for this course is only a small fraction of what it delivers in value.
  2. The nominal interest rate on the savings account does not take into account the effects of compounding periods within a year.
  3. The loan was repaid, but due to nominal consideration, the inflation rate was not taken into account.

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