notional

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English[edit]

Etymology[edit]

notion +‎ -al

Adjective[edit]

notional (comparative more notional, superlative most 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”, Ninemsn:
      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”, Bloomberg:
      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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