nominal income

Definition

Regular income that has not yet been adjusted down to correspond with decreasing purchasing power or up to correspond with inflation.

Use nominal income in a sentence

I wanted to know his nominal income and everything went well for me and he told me without any hesitation at all.

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The bank checked our "nominal income" in order to decide whether or not we qualified for a home loan we applied for.

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While their nominal income was strong, it hadn't yet been adjusted due to inflation so they weren't as optimistic as they should have been.

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