notional

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The total "notional," or face value, of derivatives held by U.S. banks is $180 trillion, and it's three times that much globally.

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Definitions (12)

Toggle American Heritage definitions American Heritage Dictionary (3)

  1. adjective Of, containing, or being a notion; mental or imaginary.
  2. adjective Speculative or theoretical.
  3. adjective Linguistics Conveying an idea of a thing or of an action; having full lexical meaning as distinguished from relational meaning. The word did is notional in We did the work and relational in We did not agree.

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Examples (50)

  • The global liquidity management functions include cash pooling (real, notional, and cross-border), cash concentration, and a variety of sweeps. —  Bobsguide News
  • The idea is notional, as only a dividend rather than the full cash flow will ever be returned to investors - but it still gives an easy comparison with other companies or market, regardless of size. —  MoneyWeek RSS - All
  • For a given contribution rate, contributions receive a "notional" rate of return equal to the growth rate of the wage bill. —  Financial Sector and Stocks Analysis from Seeking Alpha
  • We have derivative instruments with off-balance-sheet risks whose notional or contract amounts exceed the credit exposure. —  Recently Uploaded Slideshows
  • It is "notional" (or fictitious) money as a general category of curse, not just bundled bad mortgages, that choked the system. —  Mathaba Highlights Briefing
 

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Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary. Copyright © 2003, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Etymologies (1)

Toggle Century etymologies Century Dictionary (1)

  1. = Old French notionel = Spanish Portuguese nocional; as notion + - al.
 

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/ˈnoʊʃənəl/
by American Heritage

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