Â© 2015 by STATS LLC. Any commercial use or distribution without the express written consent of STATS LLC is strictly prohibited.
LINK / CITE ADD TO WORD LIST. noun. The definition of a notion is an idea, belief or vague knowledge of something. 1  An example of a notion is when you have an idea of what acceptable behavior is. 2  An example of a notion is when you sort of remember hearing about a particular fact.INK / CITE ADD TO WORD LIST. noun. The definition of a notion is an idea, belief or vague knowledge of something. 1  An example of a notion is when you have an idea of what acceptable behavior is. 2  An example of a notion is when you sort of remember hearing about a particular fact.
notional value. Definition. The value of a derivative's underlying assets at the spot price. In the case of an options or futures contract, this is the number of units of an asset underlying the contract, multiplied by the spot price of the asset. Use notional value in a sentence.