Meaning of “notional” in the English Dictionary

british dictionary

"notional" in British English

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(Definition of “notional” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"notional" in Business English

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notionaladjective

uk /ˈnəʊʃənəl/ us

existing only as an idea, or as an approximate amount:

Diamonds only retain their notional value through strict control of the market.
Almost everyone will have to pay a higher tax bill than the notional amount suggested by the government.
They are converting debt into enough shares at a notional 8.6p each to give them 60% of the equity.

(Definition of “notional” from the Cambridge Business English Dictionary © Cambridge University Press)

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