Mole (unit) measure the amount of substance (although in practice it is usual). There are many physical relationships between amount of substance and other physical quantities, the most notable one being the ideal gas law (where the relationship was first demonstrated in 1857). The term "mole" was first used in a textbook describing these colligative properties. Chemical engineers use the unit extensively, and decimal multiples may be more suitable for industrial use. For convenience in avoiding conversions in the imperial (or American customary units), some engineers adopted the "pound-mole" (notation "lb-mol" or "lbmol"), which is defined as the number of entities in
Notional amount inverse exchange-traded funds, have the unusual property that their notional changes every day: this is because they pay the compounded daily return, so it is as if one were re-investing each day's earnings at the new daily price: if one has an inverse ETF in an asset that goes down, one has more money, which one uses to short a cheaper asset, hence one's unit notional goes up, and conversely if the asset has gone up in value. See inverse exchange-traded fund for mathematical details. Notional amount The notional amount (or notional principal amount or notional value) on a financial