Definitions

1. noun

The state or fact of being nominal, especially in relation to a value or a quantity that has been assigned a name but may not have a corresponding reality or value.

“The company’s financial reports highlighted the discrepancy between its nominal value and its actual worth.”

2. noun

The quality of being nominal, especially in relation to a quantity or value that is notional or theoretical.

“The concept of nominality is central to the understanding of abstract mathematical constructs.”

3. noun

A nominal quantity or value, especially one that is theoretical or notional.

“The project’s budget was based on a series of nominal estimates that proved to be overly optimistic.”

4. adjective

Relating to or denoting a nominal quantity or value.

“The company’s annual report included a section on its nominal assets and liabilities.”

5. adjective

Theoretical or notional, rather than actual or real.

“The model’s predictions were based on a set of nomiminal assumptions about market trends.”