Advertising

Notional principal amount

• In an interest rate swap, the predetermined dollar principal on which the exchanged interest payments are based.

 
 Embedded terms in definition
 Interest payments
Interest rate swap
Interest rate
Interest
Principal
Swap
The exchange
 
 Related Terms
 

<< Notional Novation >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

Don't stay in bed....unless you can make money in bed. - George Burns

Advertising



Copyright 2009-2018 GVC. All rights reserved.