Nominalism

(redirected from nominalistic)
Also found in: Dictionary, Thesaurus, Encyclopedia.

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 ?
19) While his own version of "Christian Platonism" had affinities with this type of thought, he was not attracted to the type of millenarian versions of political dissent linked to that tradition, but nevertheless shared the dissenting sects' opposition the type of "voluntarist" theology found in Newton, with its conception of matter as dead and moved about in accordance with the will of a radically immaterial and transcendent God--an idea rooted in the nominalistic theology of the 14th century.
In this interpretation Freud is presented as the advocate of an extremely liberal and individualistic morality which corresponds especially to the ideals of a nominalistic and pragmatic intellectual.
What Rackin calls "Joan's reductive, nominalistic attack[s]" threaten the "formal edifice" of the Talbot English myth (153).
Yet on the other hand, as soon as one presses past the nominalistic question of whether or how or how often Derrida uses the word "romanticism," his relationship to romanticism and the professional study of it becomes vastly more dynamic and ambiguous.
Useless, therefore, to comment on it," Borges writes in the title-essay of his History of Eternity (135), while Peirce had made the same point in similarly grandiose terms: "The nominalistic Weltanschauung has become incorporated into what I will venture to call the very flesh and blood of the average modern mind" (Collected Papers 5.
Both books rest on an almost medieval "realism" in talking about "We the People" that is startling to those of us of a nominalistic mindset; the reader of this Commentary will have gathered by now that I think both books are marred by misidentifying (as I see it) the language of American political discourse with a reality external to that language.
Ethical relativism is essentially nominalistic, only particular facts and acts exist.
Such criticisms are claimed to be grounded both in the nominalistic traces of the doctrines and in the Ioss of some realities present in the classical studies concerning justice.
To this I see two potential answers: either because Gentiles are already impure, so for them the nega' adds nothing (just as a prick won't matter to someone who's been stabbed), or we have here a nominalistic view of impurity that views it as a legal construct, not as a bodily condition.
y Gideon Rosen, (1997), A Subject with no Object: Strategies for Nominalistic Interpretation of Mathematics: Strategies for Nominalistic Interpretation of Mathematics, Oxford, Oxford University Press.
Neoplatonic, nominalistic and humanistic streams of thought, rivalling each other for prominence, offered secular directives in identifing the objectives of both economic behaviour and social action, unlike their scholastic opponents.