nominal

nominal
Titular; existing in name only; not real or substantial; connected with the transaction or proceeding in name only, not in interest. Park Amusement Co. v. McCaughn, D.C.Pa., 14 F.2d 553, 556.
Not real or actual; merely named, stated, or given, without reference to actual conditions; often with the implication that the thing named is so small, slight, or the like, in comparison to what might properly be expected, as scarcely to be entitled to the name; e.g., a nominal price. Lehman v. Tait, C.C.A.Md., 58 F.2d 20, 23
@ nominal account
In accounting, an income statement account which is closed into surplus at the end of the year when the books are balanced
@ nominal capital
Very small or negligible capital, whose use in particular business is incidental. Strayer's Business College v. Commissioner of Internal Revenue, C.C.A.Md., 35 F.2d 426, 429.
Capital in name only and which is not substantial; not real or actual; merely named, stated, or given, without reference to actual conditions. Feeders' Supply Co. v. Commissioner of Internal Revenue, C.C.A.Mo., 31 F.2d 274, 276
@ nominal defendant
A person who is joined as defendant iN an action, not because he is immediately liable in damages or because any specific relief is demanded as against him, but because his connection with the subject-matter is such that the plaintiffs action would be defective, under the technical rules of practice, if he were not joined.
See also parties
@ nominal party
See nominal defendant
@ nominal payee rule
Refers to a U.C.C. Article 3 provision, No. 3-405(lXb), which renders effective any person's indorsement of an instrument drawn by a person who intends the payee to have no interest in the instrument.
@ nominal trust
A dry or passive trust in which the duties of the trustee are minimal and in which the beneficiary has virtual control
@

Black's law dictionary. . 1990.

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  • nominal — nominal, ale, aux [ nɔminal, o ] adj. et n. m. • 1503; lat. nominalis, de nomen « nom » I ♦ Ling. 1 ♦ Qui se rapporte au nom (III), a valeur de nom, équivaut à un nom. Emploi nominal d un mot. Formes nominales de la conjugaison (infinitifs,… …   Encyclopédie Universelle

  • nominal — nom·i·nal / nä mən əl/ adj 1: existing or being something in name or form but usu. not in reality defenses...raised by the corporation as nominal defendant in a derivative suit R. C. Clark 2: being so small or trivial as to be a mere token… …   Law dictionary

  • nominal — NOMINÁL, Ă, nominali, e, adj. 1. Care conţine nume, care indica un nume, de nume; după nume; pe nume. ♢ Valoare nominală = valoare indicată pe o acţiune, pe o hârtie monedă (care uneori nu corespunde cu valoarea reală; valoare oficială. Putere… …   Dicționar Român

  • nominal — (Del lat. nominālis). 1. adj. Perteneciente o relativo al nombre. 2. Que tiene nombre de algo y le falta la realidad de ello en todo o en parte. Sueldo, empleo nominal. 3. Com. Dicho de una inscripción o de un título: nominativo. 4. Ling. Dicho… …   Diccionario de la lengua española

  • Nominal — Nom i*nal, a. [L. nominalis, fr. nomen, nominis, name. See {Name}.] 1. Of or pertaining to a name or names; having to do with the literal meaning of a word; verbal; as, a nominal definition. Bp. Pearson. [1913 Webster] 2. Existing in name only;… …   The Collaborative International Dictionary of English

  • nominal — nominal, ale (no mi nal, na l ) adj. 1°   Qui est relatif au nom. •   Il arrive si souvent, et surtout en histoire naturelle, qu une erreur nominale entraîne une erreur réelle...., BUFF. Ois. t. III, p. 352.    Terme de logique. Définition… …   Dictionnaire de la Langue Française d'Émile Littré

  • nominal — adj. 2 g. 1. Relativo ao nome. 2. Formado só de nomes. 3. Que só existe em nome. ≠ REAL 4. Em que se menciona o nome do indivíduo (ex.: cheque nominal, votação nominal). 5.  [Economia] Que corresponde a um valor definido e não tem em conta, por… …   Dicionário da Língua Portuguesa

  • nominal — adjetivo 1. Que sólo existe de nombre, y no es efectivo o real: cargo nominal. 2. Área: gramática [Oración, sintagma] que desempeña la misma función que un nombre. 3. [ …   Diccionario Salamanca de la Lengua Española

  • Nominal — bezeichnet: namentlich, zum Nennwert das Münznominal den Nominal (Glocke), Schlagton für die Tonhöhe einer Kirchenglocke Das Adjektiv nominal bezeichnet in der Wirtschaftswissenschaft eine nicht inflationsbereinigte Größe, Gegenteil: reale Größe… …   Deutsch Wikipedia

  • nominal — [näm′ə nəl] adj. [ME nominalle < L nominalis, of a name < nomen, NAME] 1. of, consisting of, having the nature of, or giving a name or names 2. of or having to do with a noun or nouns 3. in name only, not in fact [the nominal leader] 4.… …   English World dictionary

  • Nominal — Nom i*nal, n. 1. A nominalist. [Obs.] Camden. [1913 Webster] 2. (Gram.) A verb formed from a noun. [1913 Webster] 3. A name; an appellation. [1913 Webster] A is the nominal of the sixth note in the natural diatonic scale. Moore (Encyc. of Music.… …   The Collaborative International Dictionary of English

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