The cash flows are calculated over a notional principal amount. Derivatives typically have a large notional value. The payments are calculated over the "notional" amount. TBAs are traded by MBS traders with notional amounts. This represents the fraction of the protected notional that would be paid yearly. It replaced the rates that were based on the notional rental value of a house. Boundary changes meant that the notional Labour majority in the seat had increased substantially. Their territories were provisionally divided by "notional division" based on simple district majorities. Six notional boundary redistributed seats were contested at this election. Instead, they functioned only as notional units of account. These can involve bespoke exercise rules, or a non-constant swap notional. This notional reversal also reflects historical implementation details. Alternatively, we could consider $100 notional of each of the instruments. The sense of "the cat" as notional subject of "licking" is disregarded. Aylesbury falls into a notional geographical region known as the South Midlands.