TeachMeFinance.com - explain notional principal
notional principal -- the amount of principal underlying an interest rate swap transaction, and upon which is based the calculation of swap payments.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.