adjective relating to or based on ideas or suppositions rather than actual occurrences
In finance, 'notional' refers to the nominal or face value of a financial instrument, such as a bond or derivative.
In linguistics, 'notional' can refer to a word or phrase that expresses an idea or concept rather than a specific object or action.
In education, 'notional' can be used to describe a theoretical or abstract concept rather than a practical or concrete one.
In economics, 'notional' may refer to a theoretical value or concept used in economic models or calculations.
In the context of a writer, 'notional' may refer to the theoretical or abstract idea of something rather than the practical or tangible reality.
For a psychologist, 'notional' could be used to describe a concept or idea that is based on theory rather than empirical evidence.
In the field of financial analysis, 'notional' is often used to describe the nominal or face value of a financial instrument, such as a derivative, without taking into account its market value.
Educators may use 'notional' to discuss abstract or theoretical concepts in a subject area, as opposed to concrete or practical examples.
Architects may use 'notional' to describe a conceptual idea or design concept that has not yet been fully developed or realized in physical form.