Nominal Defintion Math
Nominal is a financial term that has several different contexts.
Nominal defintion math. Entry 1 of 2 1. This is similar to the numbers that are. A number used only as a name or to identify something not as an actual value or position. This is an example of nominal data or categorical data that assigns numerical values as an attribute to an object animal person or any other non number.
Of prices or costs as compared with the benefits gained. For example the cell phone numbers are used to contact persons. These numbers were assigned manually. See name nominal a.
As to pay a nominal sum for the data. The nominal head of the country. Nominal also refers to an unadjusted rate in value such. Mathematically nominal numbering is a one to one and onto function from a set of objects being named to a set of numerals which may change typically growing over time.
Definition of nominal scale is a measurement scale in which numbers serve as tags or labels only to identify or classify an object. It is a function because each object is assigned a single numeral it is one to one because different objects are assigned different numerals and it is onto because every numeral in the set at a given time has associated with it a single named object. Existing or being something in name or form only nominal head of his party. Of relating to or constituting a name.
Of relating to or being a noun or a word or expression taking a noun construction. It can mean small or far below the real value or cost such as a nominal fee. Gcide 5 00 1 vote rate this definition. Nominal definition being such in name only.