Here is a sentence with the word notional, "Most of the ideas the government has are notional and not practical." This means that they only exist in theory.
"Gold traded at $909.00 an ounce, up 0.2 percent from New York's notional close of $906.65 on Wednesday"
Notional amount is the amount which is calculated on the underlying asset for ex: s&p index offering contract @ 250 units trading with price of 1000, than its actual notional value is 250*1000 = 250,000. which is notional amount
Notional Profit = Value of work certified-(cost of work to date-cost of work uncertified)
Depreciation is called a notional cost because it cannot be measured in real terms.
Notional promotion does not involve monetary benefit.
Kilt
Direct methodology varies greatly from functional- Notional aproach,What are those differences?
yes, its implied cost.
What is meaning of nosnal
When a small amount of invested monies control or can potentially destroy large amount of assets. It is considered notional net sales.
The Star-Spangled Banner.
Workers Compensation act of 1923 is the answer. That was the doctrine of the notional extension and the spirit behind this provision.