• Notional

    Origin

    notion + -al

    Full definition of notional

    Adjective

    notional

    1. Of, containing, or being a notion; mental or imaginary.
    2. Speculative, theoretical, not the result of research. This paper proposes a notional Federated Identity Management (FIM) architecture.
    3. (linguistics) Having descriptive value as opposed to a syntactic category.
    4. (finance) Used to indicate an estimate or a reference amount
      • 2009, 11-March, Gold inches up on bargain hunt, ETF hits record, Gold traded at $909.00 an ounce, up 0.2 percent from New York's notional close of $906.65 on Wednesday.
      • 2009‎, Mar 3, Harvard Accepts Higher Debt Costs as Bankers Profit, Under the agreements, Harvard paid the banks fixed interest rates on a total notional amount of $3.52 billion in exchange for floating-rate payments from them.
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