Quick Answer: What Do You Mean By Notional?

What is a notional example?

Notional definitions The definition of notional is something that exists only in theory or only in the imagination.

An example of something that is notional is a scientific theory or belief that has not yet been tested or proven..

What is the meaning of notional amount?

The notional value is the total amount of a security’s underlying asset at its spot price. The notional value distinguishes between the amount of money invested and the amount of money associated with the whole transaction. The notional value is calculated by multiplying the units in one contract by the spot price.

What does notional effect mean?

In other words, notional pay is the value of a non-cash benefit. It is not a payment you receive but it is included in your total taxable pay year to date figure. Your Notional Pay YTD is the total for the current tax year that have been included for tax purposes.

What is notional pressure?

In a mixture of gases, each constituent gas has a partial pressure which is the notional pressure of that constituent gas if it alone occupied the entire volume of the original mixture at the same temperature.

What is the meaning of notional date?

Something that is notional exists only in theory or as a suggestion or idea, but not in reality.

What is a notional account?

Notional Account means the record-keeping device used by the Corporation to measure and determine the amounts to be paid to a Participant under the Plan. Separate Notional Accounts will be established for each Participant and as may be otherwise required.

What is a notional payment?

What is a Notional Payment? A Notional Payment allows you to calculate and deduct the amount of tax and NI on a payment, without actually giving the payment to the employee. The employee won’t receive any more money, they will only pay the extra tax and/or NI.

What is swap notional amount?

The notional principal amount, in an interest rate swap, is the predetermined dollar amounts, or principal, on which the exchanged interest payments are based. The notional principal never changes hands in the transaction, which is why it is considered notional, or theoretical.

What is notional grammar?

In English grammar, notional agreement refers to agreement (or concord) of verbs with their subjects and of pronouns with their antecedent nouns on the basis of meaning rather than grammatical form. Also known as synesis.