Notional Principal
Definition
In an interest rate swap, forward rate agreement, or other derivative instrument, the amount or, in a currency swap, each of the amounts to which interest rates are applied in order to calculate periodic payment obligations. Also called the notional amount, the contract amount, the reference amount, and the currency amount.
Related Terms Other terms related to 'Notional Principal' starting with the letter 'N' NYMEX Lookalike, Non Member Traders, Notice Day, National Futures Association NFA, Nearby Delivery Month Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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