diff --git a/awx/api/serializers.py b/awx/api/serializers.py
index bc35ed4710..528d33a797 100644
--- a/awx/api/serializers.py
+++ b/awx/api/serializers.py
@@ -4212,7 +4212,7 @@ class NotificationTemplateSerializer(BaseSerializer):
         if error_list:
             raise serializers.ValidationError(error_list)
 
-        # Only pull the exisitng encrypted passwords from the existing objects
+        # Only pull the existing encrypted passwords from the existing objects
         # to assign to the attribute and forward on the call stack IF AND ONLY IF
         # we know an error will not be raised in the validation phase.
         # Otherwise, the encrypted password will be exposed.