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Meaning

The word "notional" refers to something that exists in theory, idea, or imagination rather than in reality. It often describes concepts or values that are abstract or hypothetical. For example, a "notional value" in finance may refer to an estimated worth that isn't based on actual transactions or physical possession.

Synonyms

Antonyms

Etymology

The term "notional" comes from the Late Latin word "notionalis," which means "of or relating to the mind" or "conceptual." It is derived from the Latin word "notio," meaning "a thinking or concept" and is related to the verb "noscere," which means "to know."

Examples

  1. The notional cost of the project was calculated based on projected expenses rather than actual spending.
  2. In philosophy, notional arguments often explore ideas that cannot be practically demonstrated.
  3. The company discussed notional targets for sales, which helped guide their strategy despite not being binding.
  4. His notional plan for the new product launch relied heavily on market research and consumer trends.
  5. Although the concept was notional, it sparked a lively debate among the members of the committee.

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