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