BNET Business Dictionary

Business Definition for: Notional Principal Amount

the value used to represent a loan in calculating interest rate swaps

Additional Resources

Interest rate swaps: Interest rate swap agreements are private contracts that obligate two parties to exchange interest payments, usually every three or six months, for a set number of years. The contract is based on a notional principal amount that is never actually exchanged but serves as the reference amount against which the...; Tags: ABC Inc., agreement, bank, Company, FINANCE, LIBOR, payment, Treasury; Research articles 1996-08-01
Loews Corporation Announces Quarterly Dividend on Carolina Group Stock: NEW YORK -- Loews Corporation (NYSE:LTR;CG) announced today the declaration of a quarterly dividend on its Carolina Group stock, in the amount of $0.455 per share, payable June 13, 2005 to shareholders of record as of June 1, 2005. E[acute accent]The Company also stated that concurrently with the declaration of...; Tags: dividend, Loews Corp.; Research articles 2005-05-10

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