notional
C1CEFR level
58/100Rarity: uncommon
TechnicalRegister
Law adjective
Existing only as an assumed figure for the purpose of calculating tax, rather than as an actual receipt.
The rules charged a notional return on the interest-free loan advanced to the participator.
Business noun
The nominal face amount on which a derivative's payments are calculated, though it is rarely exchanged.
The interest-rate swap had a notional of fifty million, but only the net coupon difference ever changed hands.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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