nominal income

Definitions (2)
Popular Terms
1. Income unadjusted for the effects of inflation or deflation, and stated in the currency in which it is earned.
2. The part of a salary or wage paid out in cash not including benefits such as subsidized meals or transportation.

Use 'nominal income' in a Sentence

The nominal income rates in the United States have been slowly but surely rising after the Great Recession, which has allowed companies to increase pay scales.
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The bank assessed the couple's nominal income in order to determine whether they would qualify for the loan which they needed in order to purchase their first home.
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It was nerve wracking because I had never seen what our nominal income was for the year and now I would be looking at it for the first time.
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