Nominal

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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 ?
Nominals with ambiguous bases (either nouns or verbs), as in (4a), as well as nominals generated out of word groups or phrases (4b) can be found in any period.
2, thus neglecting masculine (5a) and pleonastic marking (5b), as well as nominals with other than nominal or verbal bases (3e-3g), ambiguous -er-nominals (4a), and nominals with bound stems (4c).
All data are based on unambiguous denominal and deverbal types only, -er-nominals with other than verbal or nominal bases are excluded.
While denominal nominals (Fleischer-type) figure prominently from 1609 to 1700 (roughly 60%); there has been a reverse trend since 1750.
There is a rather small but continuous increase of OBJECT nominals from 1609 (0.
The ubiquity of nominal numbers in children's lives requires that we notice the nominal form of numbers, especially to distinguish clearly between cardinal-number concepts and nominal-number names.
Apart from their use in counting, and unlike cardinals, nominal numbers have no real mathematical meaning and cannot be compared or used in calculations.
The closest we get to using nominal numbers in calculation is probably in numerology, where number names are invested with mystical meanings.
Often, assigning nominal numbers uses a system of ordinality.
Again, the number used is a nominal but put in numerical order for convenience.