Nominal

(redirected from Nominal fee)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Nominal

In name only. Differences in compounding cause the nominal rate to differ from the effective interest rate. Inflation causes the purchasing power of money to differ from one time to another.

Nominal

Describing a variable that does not take inflation into account. For example, when considering GDP growth, if GDP has grown 10% in nominal terms and the inflation rate is 3%, real GDP growth is only 7%.
References in periodicals archive ?
Most countries give a three-month stay for a nominal fee.
The concert is free, and parking is available for a nominal fee at structures adjacent to the park.
For a nominal fee, community interpreters and students of interpreting educational programs (IEPs) may enroll in external CEU workshops, sponsored by Sorenson Communications in collaboration with community partners.
Most tour companies offer morning and afternoon trips, which customarily include use of snorkel and diving gear, wet suits (for a nominal fee on some boats), lunch, soda, beer and cocktails.
Federation members attend free, nonmembers pay a nominal fee of $25.
Bedke said there might be a way to charge a nominal fee to pay for such a service or that perhaps some type of arrangement could be worked out with the Antelope Valley Transit Authority.
It seems truly inequitable for a New York broker to be denied the opportunity to seek redress in a court of law merely because of the failure to obtain a New Jersey license which only requires the completion of an application and payment of a nominal fee.
There will be a nominal fee for the pony rides, the giant slide and the rock-climbing mountain.
The city provided the land for a nominal fee and will provide a S10, 000 subsidy per unit to make the homes affordable to moderate- and middle-income families.