nominal price
- noun
- /ˈnɑːmɪnəl praɪs/
- Specialized
:
precio nominal
- The nominal price of the car is $20,000.
Examples
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The store offered the furniture at a nominal price, making it more accessible to customers.
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During negotiation, the buyer offered a nominal price as a starting point.
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The artwork was put up for auction with only a nominal price to attract interest.
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The company listed a nominal price for the new gadget before setting the final amount.
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Investors often overlook the nominal prices of assets.
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During the auction, the painting sold for a nominal price, despite its significant historical value.
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Investors were pleased to secure the land at a nominal price, even though its true market value was much higher.
Synonyms
1
6.3
A price that a company writes on a share or bond, not the market price
Antonyms
21
2.5
The price people pay for something like shares or houses when it is bought and sold freely
How Accurate
Surface Forms
Morphology
The adjective 'nominal' (an amount expressed or stated without adjusting for inflation) combines directly with 'price' to mean the stated or face price rather than the inflation‑adjusted/real value. This is a regular adjective+noun composition and mirrors equivalent constructions in many languages, so a learner who knows both constituents can infer the MWE's meaning.
Etymology
The term nominal price comes from the idea that the nominal part means 'in name only' or just a name, while the price is the amount written or said. So a nominal price is a stated or very small price used for show or to start talks, not always the item's 'real value'.