Nominalism

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Nominalism

The legal principle that the dollar amount of a debt remains the same regardless of the inflation rate. Inflation and deflation, which both change the real value of repayment, do not affect the amount of a debt recorded on a balance sheet. In theory, this places risks on both the lender and the borrower, but, in practice, the lender has most of the risk, as inflation, which reduces the real value of repayment, is more likely than deflation.
References in periodicals archive ?
If the Renaissance, understood as a rediscovery of antiquity, is featured by the new appreciation of sensible reality and corporeality, these same characteristics can be deduced out of the voluntarism of nominalist thinking.
All knowledge, for nominalists, depends only on one's individual sensory experience.
Bostock discusses the debate between nominalists and realists with respect to universals, specifically the Berkeley-Locke controversy and Russell's regress argument.
As with the nominalists who sought intellectual independence, so the Dominican Order at Salamanca sought to renew their own theology.
He imagined them to have descended from 'two different races of men'--like Brosses, using the collective noun race in its old nominalist genealogical sense, regarded as the 'accidental', unstable product of external causes.
In any case, the Franciscans veered towards a nominalist dismissal of talk of essences and tended to favour putting the solution to the problem beyond human powers.
Instead of dragging in Wittgenstein and the history of taxonomy, I have chosen simply to move away from the essentialist and toward the nominalist pole of defining honors.
Thus, after a brief overview of the Court's reasoning (II), I shall try to assess the decision in light of some reflections on nominalist philosophy (III).
2) As a result, the concept of difference emerges as an altogether crucial category; beginning with Ockham and culminating in Lockean empiricism, "difference" functions in the strictly disjunctive sense in which it had first been advanced by Nominalist thought: namely, as sheer "heterogeneity" and, hence, as a conceptual tool for resolving epistemological and theological questions alike by disaggregating their constituent parts.
He was an individualist and nominalist who went so far as to portray the state as consisting of nothing more than individual persons.
Unfortunately, argued Weaver, the nominalist thinking of Occam had come to saturate modern life fully.