Gnomes meaning : A brief reflection or maxim; a pithy saying. (magic, Rosicrucianism) An elemental (spirit or corporeal creature associated with a classical element) associated with earth. (fantasy literature) One of a race of imaginary human-like beings, usually depicted as short and typically bearded males, who inhabit the inner parts of the earth and act as guardians of mines, mineral treasure, etc.; in modern fantasy literature, when distinguished from dwarves, gnomes are usually even smaller than dwarves and more focussed on engineering than mining. A dwarf; a goblin; a person of small stature or misshapen features, or of strange appearance. The northern pygmy owl, Glaucidium gnoma, a small owl of the western United States. A small statue of a dwarf-like character, often bearded, placed in a garden. An upper atmospheric optical phenomenon associated with thunderstorms, a compact blue starter. A banker, especially a secretive international one.