C1adjectiveformalmoneybusiness
US/ˈnɑː.mə.nəl/
UK/ˈnɒm.ɪ.nəl/
existing in name or on paper only, or very small in amount
In context
Nominal wages rose by four percent, but prices rose even faster.
Members pay only a nominal fee to use the library and its meeting rooms.
He is the nominal head of the company, but his daughter makes the decisions.
Words that go with nominal
adjective + noun
- nominal feeThe museum charges a nominal fee for parking.
- nominal valueThe shares have a nominal value of one dollar.
- nominal priceTickets are sold at a nominal price to students.
- nominal GDPNominal GDP grew by six percent last year.
- nominal interest rateThe nominal interest rate is two percent.
- nominal headThe king is the nominal head of the army.
Common mistakes
Incorrect:
We charge a normal fee of one dollar.Correct: We charge a nominal fee of one dollar.