The notional amount (or notional principal amount or notional value) on a financial instrument is the nominal or face amount that is used to calculate payments made on that instrument. This amount generally does not change hands and is thus referred to as notional.
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Famous quotes containing the word amount:
“True spoiling is nothing to do with what a child owns or with amount of attention he gets. he can have the major part of your income, living space and attention and not be spoiled, or he can have very little and be spoiled. It is not what he gets that is at issue. It is how and why he gets it. Spoiling is to do with the family balance of power.”
—Penelope Leach (20th century)