Nominal
Legal definition for Indian law research
Definition
nominal
1 : existing or being something in name or form but usually not in reality [defenses…raised by the corporation as defendant in a derivative suit "R. C. Clark"]
2 : being so small or trivial as to be a mere token [charging a fee]
3 of a rate of interest
a : equal to the annual rate of simple interest that would obtain 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 compare effective
nom·i·nal·ly adv
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.