Simple English definitions for legal terms
Read a random definition: potential Pareto superiority
Nominal: Something that exists only in name, but not in reality. For example, a king who has no real power is a nominal figurehead. It can also refer to a price or amount that is very small compared to what is expected. Nominal can also describe something that is related to a name or term.
Example: The lamp was sold for a nominal price of ten cents, which means it was sold for a very small amount of money.
Adverb form: Nominally
Definition: Nominal (nahm-uh-nuhl) is an adjective that can mean:
Examples:
The examples illustrate how nominal can be used to describe something that is only in name, or something that is much smaller or less significant than expected. It can also refer to something that is related to a name or term, rather than the actual thing it represents.