Definition of «nominal fee»

A nominal fee is a small, insignificant or token amount of money charged for something. It usually refers to a very low charge, often just enough to cover costs or administrative expenses, rather than being a significant source of income. The term comes from the Latin word "nomen," meaning name, and suggests that the fee is simply given a symbolic or trivial value in order to justify charging it at all.

Sentences with «nominal fee»

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