Crossword Genius

In name, minister participating in loan arrangement (7)

Ross

I believe the answer is:

nominal

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'in name minister participating in loan arrangement' is the definition.
I can't judge whether this definition defines the answer.

'minister participating in loan arrangement' is the wordplay.
'minister' becomes 'min' (I've seen this in other clues).
'participating in' indicates putting letters inside.
'arrangement' is an anagram indicator.
'loan' is an anagram of 'noal'.
'min' put into 'noal' is 'NOMINAL'.

Can you help me to learn more?

(Other definitions for nominal that I've seen before include "In name only or token payment" , "not real" , "Peppercorn rent" , "Inconsiderable" , "Relating to names" .)

I've seen this clue in the Evening Standard.
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