Words: nominal [MW]
Function: adjective
Etymology: Middle English nominalle, from Medieval Latin nominalis, from Latin, of a name, from nomin-, nomen name -- more at NAME
1 : of, relating to, or being a noun or a word or expression taking a noun construction
2 a : of, relating to, or constituting a name b : bearing the name of a person
3 a : existing or being something in name or form only "nominal head of his party" b : of, being, or relating to a designated or theoretical size that may vary from the actual : APPROXIMATE "the pipe's nominal size" c : TRIFLING, INSIGNIFICANT "his involvement was nominal" "charged only nominal rent"
4 of a rate of interest a : equal to the annual rate of simple interest that would obtain if interest were not compounded when in fact it is compounded and paid for periods of less than a year b : equal to the percentage by which a repaid loan exceeds the principal borrowed with no adjustment made for inflation
5 : being according to plan : SATISFACTORY "everything was nominal during the launch"
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