NOMINAL Meaning and
Definition
-
Nominal is an adjective that has multiple meanings depending on the context in which it is used. In its general sense, nominal refers to something that exists in name or form, but may lack substance, significance, or practical value. It implies a title or label that is given to something, without necessarily carrying the full qualities, attributes, or implications associated with that title.
In the realm of finance and economics, nominal refers to the face value or stated value of a currency, asset, or investment, without considering factors such as inflation or changes in market prices. It represents a figure that is expressed in terms of face value or official worth, although it may not reflect the true or real value in the present situation.
In mathematics and statistics, nominal refers to data that is categorized or labeled into distinct classes or groups, without any inherent order or numeric significance. Nominal data is qualitative and represents qualitative characteristics or attributes that cannot be meaningfully ranked or compared numerically.
In linguistics, nominal refers to words or phrases that function as nouns or refer to entities or objects. It can also describe a situation where something is treated as a noun, but in reality, it functions or behaves differently.
Overall, nominal is a versatile term used across various disciplines to describe something that exists in name or appearance, but may not possess the full characteristics or values often associated with that name or appearance.
-
Existing in name only; consisting in names.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for NOMINAL *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for NOMINAL
Etymology of NOMINAL
The word "nominal" originated from the Latin word "nōmine", which means "by name". It developed from the Latin phrase "nōmine appellāre" meaning "to call by name". It entered English in the late 14th century, initially referring to something pertaining to names or titles. Over time, its meaning expanded to include concepts such as having a name only, being minimal or trifling, and eventually denoting something as existing in name only, without having a real or substantial effect.
Similar spelling words for NOMINAL
Infographic
Add the infographic to your website:
