nominal definition
Quick Summary
A "nominal definition" is a statement that explains the meaning of a word, name, or expression. It's a basic definition that tells you what something is called but might not offer practical details on how it works or is used.1
The word "nominal" itself can mean existing in name only, or being approximate rather than exact. It can also describe something as trifling or insignificant. In finance, it refers to interest rates that don't account for compounding or inflation. In grammar, a "nominal" is a word or group of words that functions like a noun.2
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