on a nominal basis

USAGE SUMMARY

"on a nominal basis" is a correct expression which can be used in written English.
You can use this expression when discussing a nominal agreement or arrangement, or when describing something (such as a cost) that is only nominal. For example: "The two companies had agreed to merge on a nominal basis, with the two CEOs remaining in charge."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

On a nominal basis, the Japanese economy is smaller than it was in 2001.

The New York Times

As the yen hits 15-year highs on a nominal basis, there is more pressure to ship operations abroad.

The Economist

On a nominal basis, Americans spent more in January, as spending outlays increased 0.4percentt after rising 0.3percentt in December.

The New York Times

Philanthromax, a fund-raising consulting firm, estimates that total charitable donations will increase 4.3 percent this year on a nominal basis.

The New York Times

In fact, since 1900, whenever P/E ratios have ranged from 16 to 24, stocks have gained about 7 percent, annualized, on a nominal basis — or 4 percent after inflation — in the following 10-year stretch.

The New York Times

A doctor who makes or prescribes a specific medical product to treat a patient on a nominal basis is exempt from the requirement to obtain authorization as a "professional authorized by law to prescribe or administer drugs or devices so the responsibility in preparation and administration is entirely of the prescriber".

BioMed Research International

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

In-course assessment was completed on a nominal term basis, in the sequence rural, general practice, mental health, surgery and medicine.

BMC Medical Education

At present it would rank 8th, falling between Italy and Brazil on a nominal exchange-rate basis.

The Economist

These days, it would rank eighth, falling between Italy and Brazil on a nominal exchange-rate basis.

The Economist

In Taiwan, irrigation scheduling and the practices of irrigation water management are operated on a nominal ten-day period (TDP) basis (Cheng et al. 2000a, b).

Geoscience Letters

If you must, try paying the consultants a nominal up-front sum on a project basis with a bonus or an hourly basis that covers only their on-site talent costs with a huge upside if the organization gets you where you want to go.

The New York Times

Expert writing Tips

Best practice

When using "on a nominal basis" in economic contexts, clarify whether you are referring to figures before or after adjusting for inflation to avoid ambiguity.

Common error

Avoid using "on a nominal basis" when you intend to describe real values, which account for inflation or other adjustments. Nominal values are unadjusted and can be misleading if not properly contextualized.

Linguistic Context

The phrase "on a nominal basis" functions as an adverbial phrase, modifying verbs or clauses to specify the basis of a calculation, agreement, or evaluation. Ludwig AI confirms its grammatical correctness and provides examples in diverse contexts.

Expression frequency: Uncommon

Frequent in

News & Media

67%

Science

33%

Formal & Business

0%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "on a nominal basis" is a grammatically sound prepositional phrase used to specify that a value or agreement is being considered without adjustments. While Ludwig AI confirms its correctness, its frequency is uncommon. The phrase appears primarily in news and scientific contexts, emphasizing its role in economic and financial discussions. Related phrases include "in nominal terms" and "before adjustments". Remember to use this phrase when precision is needed and to clarify that you are discussing values before any adjustments have been made.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

in nominal terms

Focuses on the result or calculation itself being 'nominal'.

in monetary terms

Replaces 'nominal' with another descriptor relating to money or currency.

without accounting for inflation

Specifically calls out the absence of inflation adjustment.

before adjustments

Highlights the lack of adjustments for inflation or other real-world effects.

in apparent value

Highlights that the value is how it appears, not necessarily how it is in reality.

at face value

Emphasizes accepting a value or cost without deeper consideration.

on the surface

Suggests a value or assessment that doesn't reflect underlying realities.

in name only

Underscores the minimal practical effect or substance of something.

in simple terms

Suggests a simplified or unadjusted calculation.

as a formality

Emphasizes that something is done as a matter of procedure, with little real impact.

FAQs

How is "on a nominal basis" used in economic contexts?

In economics, "on a nominal basis" typically refers to values or figures expressed in current dollars, without adjustments for inflation or other factors. It's often contrasted with "real values", which are adjusted for inflation to reflect purchasing power.

What's the difference between "on a nominal basis" and "in real terms"?

"On a nominal basis" indicates values are stated in current currency without adjusting for inflation. "In real terms", however, means that values have been adjusted to remove the effects of inflation, offering a clearer picture of actual purchasing power or economic impact.

What can I say instead of "on a nominal basis" when discussing financial growth?

You can use alternatives like "in current dollars", "before inflation adjustment", or "at face value" depending on the context. These options clarify that the figures have not been adjusted for inflation.

When is it appropriate to use "on a nominal basis" in a sentence?

Use "on a nominal basis" when you want to specify that a value or agreement is being considered without accounting for external factors like inflation, or when describing something that exists in name only without significant practical effect.