|Notional principal amount|
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Definition of Notional principal amount
Notional principal amount
In an interest rate swap, the predetermined dollar principal on which the
A binding agreement between counterparties to exchange periodic interest payments on
A technical accounting term that encompasses the
1) The total amount of money being borrowed or lent.
The original amount loaned, which is repaid plus interest. See face value.
The obligation due under a debt instrument exclusive of interest.
A situation that can be modeled as one person, an agent, who acts on the behalf
The face amount of debt; the amount borrowed or lent. Often called principal.
Generally, refers to the face value of a debt.
Highly diversified portfolios will have negligible unsystematic risk. In other
A mortgage-backed security in which the holder receives only principal cash flows on
See Par value.
The amount of principal dollars remaining to be paid under the mortgage as of
Prevails when the value of a whole group of assets exactly equals the sum of the
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