Supposed Minoan funny lady... (7)
I believe the answer is:
nominal
'supposed' is the definition.
(thesaurus)
'minoan funny lady' is the wordplay.
'funny' indicates anagramming the letters.
'lady' becomes 'l' (this could be a standard abbreviation which I don't know about).
'minoan' is an anagram of 'nomina'.
'nomina'+'l'='NOMINAL'
Can you help me to learn more?
(Other definitions for nominal that I've seen before include "So called" , "not real" , "Theoretical - token" , "trifling" , "In name only or of token value (7)" .)