This paper dicsusses nonconcatenative morphological processes in the modern Serbian language. More precisely, it focuses on derivational capacity of the processes of reduplication, circumfixation, infixation, base modification, and conversion. After representing the difference between concatenative and nonconcatenative morphological processes, each of the mentioned derivational processes is analysed from a crosslinguistic perspective, with special attention paid to the situation in Serbian. Besides the brief overview of the derivational capacity of the nonconcatenative processes, the goal of the paper is to enrich the terminology of the domestic word formation science (and generally of the Serbian grammar tradition).