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 ?
In his other redaction of the thought, Blumenberg has presented Nicholas' middle way position as steering between the Scylla of scholastic rationalism and the Charybdis of nominalistic particularism (Blumenberg 1966:602).
be adapted to modern culture, under continual wholesome reminders of nominalistic criticism, I am convinced that it will go far toward supplying the philosophy which is best to harmonize with the physical sciences." (3) Peirce realized that without the scholastic realism of Scotus' scientific understanding declines by nominalism into nothing more than probable inferences, and all Truth and Righteousness decline into moral relativism.
(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.
A close analysis of the weltanschauung and the nominalistic claim reveals that many subsidiary problems are raised by each thesis, and that it is not possible to do a piece of research which would clearly decide for one or the other side.
Damian adheres to a "nominalistic" interpretation of God as absolutely omnipotent, that is, as restricted in power only by God's own being.
This cheerfully nominalistic attitude may come across as pleasingly inclusive to some--no one is allowed the final say about the identity of libertarianism, not even its chief historian (7)--but it leads to some problems.
Hazlitt reserves his harshest criticism in the above passage for the "liberal maxims and spirit of the age." The contrarian (and nominalistic) tendency of his thought reflexively works against the grain of monolithic concepts.
Thus the next mnemonic analogy is linked to the nominalistic language postulated by the British philosopher and empiricist, John Locke.
To decide (along with a large number of contemporary interpreters of Spinoza's philosophy) that the latter is uhimately built upon nominalistic principles forces us to do away with every ontological foundation of human nature, touchstone concept of Spinoza's deduction both of the affects and of the therapeutic strategies that show the way to beatitudo.
Indeed, for those familiar with the historical tension between philosophical nominalism and realism, the film provides a marvellous statement for philosophical realism in the face of rampant nominalistic relativism.
She sees in the deception of Disceyte, Dyssymulacion, and Fansy a nominalistic unmooring of referentiality in which words are shown to create rather than reflect reality.
Quite often it means a nominalistic attitude towards the existence of the mathematical objects.