English Lexicon

Nominal amount

/ˈnɒm.ɪ.نəl əˈmaʊnt/
nounCEFR C1 (Advanced)Top #14500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A very small or token sum of money, often charged or paid for form's sake rather than as a realistic representation of value.

    "The property was transferred for a nominal amount to keep the transaction within the family."
  2. 2

    A stated or face value of a financial instrument or transaction, unadjusted for inflation or market fluctuations.

    "The contract specifies a nominal amount, but the real purchasing power varies annually."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from the Latin 'nominalis' (pertaining to a name), combined with 'amount' from Old French 'amounter' (to amount to, rise to). Historically developed in legal and financial contexts to denote a sum that exists in name only rather than representing substantial economic value.

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