Definition of Nominal income:
The tariff is not adjusted for the effects of inflation or iftar and is presented in earned currency.
Part of the salary paid in cash, excluding benefits such as subsidized food or transportation.
How to use Nominal income in a sentence?
- This is terrible because I have never seen what our nominal income will be this year, and now I am going to see it for the first time.
- Banks estimate a couple's nominal income to see if they are eligible for the loan they need to buy their first home.
- Nominal income stocks in the United States rose slowly, but steadily, after a major recession, which allowed companies to raise wages.
Meaning of Nominal income & Nominal income Definition