notional

adjective
UK: /ˈnəʊʃənəl/
US: /ˈnoʊʃənəl/
  1. Based on imagination or theory, not on what is real.

    1. The notional value of the company is much higher than its real assets.
    2. The notional benefits of the plan were attractive, but the practical aspects were problematic.
  2. Existing in the mind only; theoretical rather than practical.

    1. We had a notional agreement to sell, but nothing was signed.
    2. The notional price of the stock was significantly affected by market sentiment.

Frequently Asked Questions

The word "notional" in English means: Based on imagination or theory, not on what is real., Existing in the mind only; theoretical rather than practical..

The phonetic transcription of "notional" is /ˈnəʊʃənəl/ in British English and /ˈnoʊʃənəl/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "notional": hypothetical, conceptual, imaginary, abstract, theoretical.

Example usage of "notional": "The notional value of the company is much higher than its real assets.". More examples on the page.