notional (Meaning)

Wordnet

notional (s)

not based on fact; existing only in the imagination

not based on fact or investigation

indulging in or influenced by fancy

being of the nature of a notion or concept

Webster

notional (a.)

Consisting of, or conveying, notions or ideas; expressing abstract conceptions.

Existing in idea only; visionary; whimsical.

Given to foolish or visionary expectations; whimsical; fanciful; as, a notional man.

FAQs About the word notional

not based on fact; existing only in the imagination, not based on fact or investigation, indulging in or influenced by fancy, being of the nature of a notion or

conceptual, metaphysical,theoretical, abstract, theoretic, speculative, intellectual, hypothetical,mental, spiritual

actual,physical, substantial, substantial, tangible, physical, concrete, tangible, concrete, actual

The notional amount of the bonds was significantly higher than their market value.

The notional value of the contract represented the theoretical amount of the underlying asset.

The notional interest rate on the loan was set at 5%, regardless of the actual market rate.

The notional exchange rate was used to calculate the value of cross-border transactions.