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Notional Principal Amount |
Also found in: Acronyms, Wikipedia | 0.03 sec. |
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Notional Principal Amount In an interest rate swap, the predetermined dollar amount on which the exchanged interest payments are based. Notes: Each period's rates are multiplied by the notional principal amount to determine the value of each counterparty's payment.See also: Interest Rate Swap, Notional Value Notional principal amount In an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are based. |
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