NOTIONAL PRINCIPAL
\nˈə͡ʊʃənə͡l pɹˈɪnsɪpə͡l], \nˈəʊʃənəl pɹˈɪnsɪpəl], \n_ˈəʊ_ʃ_ə_n_əl p_ɹ_ˈɪ_n_s_ɪ_p_əl]\
Sort: Oldest first
-
The principal amount of the underlying debt that is referred to in interest rate swap deals. When the obligation to pay interest is discounted, the principal amount gains a fictitious attribute that results in the generation of a cash flow that depends on the terms of the swapping agreement.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.
Nearby Words
- notio
- notion
- notionable
- notional
- notional demand
- NOTIONAL PRINCIPAL
- notionality
- notionally
- notionate
- notionist
- notions counter