Table of Contents
The word for today is…
nominal (adjective, noun) -
adjective
1a: existing or being something in name or form only
b: of, being, or relating to a designated or theoretical size that may vary from the actual : approximate
c: trifling, insignificant
2 of a rate of interest
a: equal to the annual rate of simple interest that would be obtained if interest were not compounded when in fact it is compounded and paid for periods of less than a year
b: equal to the percentage by which a repaid loan exceeds the principal borrowed with no adjustment made for inflation
3: being according to plan : satisfactory
4a: of, relating to, or constituting a name
b: bearing the name of a person
5: of, relating to, or being a noun or a word or expression taking a noun construction
noun
: a word or word group functioning as a noun
Source : Merriam-Webster
Etymology : Something nominal exists only in name. So the nominal ruler in a constitutional monarchy is the king or queen, but the real power is in the hands of the elected prime minister. In the United Kingdom, the British monarch is also the nominal head of the Church of England; and those baptized in the Church who aren't really churchgoers might be called nominal Christians. A fee can be called nominal when it's small in comparison to the value of what it buys. So, for example, you might sell a friend a good piece of furniture for a nominal amount. And the charge for a doctor's visit might be a nominal $20, since most of the cost is covered by an insurance plan.
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