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Business term of the day - Term for June 11, 2013: Nominal

nominal

1. Existing or being in name only.
2. For the sake of comparison, form, or name only, and which may bear little or no relation or resemblance to the actual thing.
3. Of or relating to, or constituting, a name, noun, or term.
4. Apparent, estimated, temporary, token.
Usage Example
Gross government debt, for example, seems manageable if you assume nominal growth of 10% a year.
Source: No nationalisation, but onerous mine regime likely - Yahoo! News South Africa