Notional principal amount

In an Interest rate swap, the specified dollar amount on which the exchanged Interest payments are based.

Related Terms: 7 Base, Exchange, ECI, Interest rate swap, Interest, Interest rate, Swap

Other Related Pages: Category: Lending_and_Credit Starting With: N

Additional Related Terms: 1035 exchange, Adjustable rate, Accrued interest, American Stock Exchange, Asset swap, At par, At best, At call, Adjustable rate preferred stock, At risk