What is NOMINALISM?

1.Nominalism is a legal concept that states that the amount that is due remains the same in the event of a currency appreciation or depreciation. 2.It is also a philosophical concept that claims the non-independent existence of abstract entities such as mathematical objects, numbers, propositions and other properties. It also claims the arbitary nature of the classification of knowledge and taxonomic schemes. It is the antonym or opposite of realism

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