Apr 30, 2021 · A nominal fee can be classified as a purchase or payment price, as with any other ordinary fee. However, in the context of the word 'nominal,' it implies that the fee is smaller in comparison to its true value.

Aug 30, 2023 · A nominal fee is below the price of the service provided or presumably easy for a consumer to afford, or a fee that is small enough that it does not have any meaningful...

In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract.

Oct 1, 2024 · In reference to a fee, nominal means very small relative to the underlying product or service. Nominal value, pertaining to stocks and bonds, refers to a security's face value or par value....

Governing authorities use the concept of a nominal fee to assess required payment for goods or services without the in-depth analysis required to accurately assign the true cost.

Examples of NOMINAL FEE in a sentence, how to use it. 25 examples: Since then, local authorities have been entitled to charge a nominal fee for services. - It may be…

NOMINAL FEE meaning | Definition, pronunciation, translations and examples in American English

Definition of Nominal fee in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Nominal fee? Meaning of Nominal fee as a finance term.

1. in name only; theoretical: the nominal leader. 2. minimal in comparison with real worth or what is expected; token: a nominal fee. 4. (Grammar) grammar of or relating to a noun or noun phrase. 5. (Grammar) grammar a nominal element; a noun, noun phrase, or …

A fee can be called nominal when it's small in comparison to the value of what it buys. So, for example, you might sell a friend a good piece of furniture for a nominal amount. And the charge for a doctor's visit might be a nominal $20, since most of the cost is covered by an insurance plan.