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Notional principal amount
Notional principal amountIn an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are based. RELATED TERMS-------------------------------------- Interest The amount of money a lender loans a borrower to pay for using the borrower's principal. Swap An arrangement in which two entities lend to each other on different terms, e.g., in different currencies, and-or at different interest rates, fixed or floating. Principal The amount of a loan, which the borrower has to pay back when the loan matures; a person who engages a broker to buy and sell for him. SIMILAR TERMS-------------------------------------- Notice day A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Notice of meeting The legal one-page notice to security holders stating the date, time and place of the shareholder meeting. This page is normally attached to the front of the proxy statement. Notice of seizure A letter or written notice from the IRS informing the recipient that authorization has been given to liquidate his or her assets in order to cover the income taxes due. Notice period The time during which the buyer of a futures contract can be called upon to accept delivery. Typically, the 3 to 6 weeks preceding the expiration of the contract. Notification date The day the option is either exercised or expires. Notifix, SICAV, S.A. Notifix, SICAV, S.A. is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment. Notional value The total value of a leveraged position's assets. PREVIOUS AND NEXT TERMS-------------------------------------- Notice day A day on which notices of intent to deliver pertaining to a specified delivery month may be issued. Notice of meeting The legal one-page notice to security holders stating the date, time and place of the shareholder meeting. This page is normally attached to the front of the proxy statement. Notice of seizure A letter or written notice from the IRS informing the recipient that authorization has been given to liquidate his or her assets in order to cover the income taxes due. Notice period The time during which the buyer of a futures contract can be called upon to accept delivery. Typically, the 3 to 6 weeks preceding the expiration of the contract. Notification date The day the option is either exercised or expires. Notional principal amount Notional value The total value of a leveraged position's assets. Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. Nova-Ursa ratio A sentiment indicator based on the Nova and Ursa funds from the Rydex Fund Group. The Nova-Ursa ratio is arrived at by dividing the total assets in the Nova fund by the total assets in the Ursa fund. Novation Defeasance whereby the firm's debt is cancelled. NP The two-character ISO 3166 country code for NEPAL. We thank you for using the Financial Dictionary to search for Notional principal amount. If you have a better definition for Notional principal amount than the one presented here, please let us know by making use of the suggest a term option. This definition of Notional principal amount may be disputed by other professionals. Our attempt is to provide easy definitions on Notional principal amount and any other medical topic for the public at large.
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