Notional Amount

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.

Read more about Notional Amount:  Explanation

Famous quotes containing the word amount:

    Anyone can do any amount of work, provided it isn’t the work he is supposed to be doing.
    Robert Benchley (1889–1945)