principal

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Principal

(1) The total amount of money being borrowed or lent. (2) The party affected by agent decisions in a principal-agent relationship.

Principal

1. A person or organization party to a transaction or event.

2. The amount that one borrows. For example, if one borrows $100,000, the principal amount is $100,000. Interest is calculated over the principal (and often over unpaid interest that accumulates).

principal

1. The face amount of a bond. Once a bond has been issued, it may sell at more or less than its principal amount, depending upon changes in interest rates and the riskiness of the security. At maturity, however, the bond will be redeemed for its principal amount. Also called principal amount.
2. Funds put up by an investor.
3. The person who owns or takes delivery of an asset in a trade. For example, an investor is the principal for whom a broker executes a trade.

Principal.

Principal can refer to an amount of money you invest, the face amount of a bond, or the balance you owe on a debt, distinct from the finance charges you pay to borrow.

A principal is also a person for whom a broker carries out a trade, or a person who executes a trade on his or her own behalf.

principal

  1. a sum of money or capital which can earn INTEREST.
  2. the owner of a firm or other assets who assigns the management of the firm or assets to an AGENT who acts on behalf of the principal. See PRINCIPAL-AGENT THEORY, AGENCY COST.

principal

  1. a sum of money or capital that can earn INTEREST.
  2. the owner of a firm or other assets who assigns the management of the firm or assets to an AGENT who acts on behalf of the principal. See PRINCIPAL-AGENT THEORY, AGENCY COST.

principal

(1) One who has permitted or instructed another—called an agent—to act on his or her behalf and according to his or her instructions. (2) One who is primarily liable for an obligation, as opposed to a surety,who is secondarily liable.(3) With a promissory note,the principal is the unpaid balance of the funds borrowed,not including any interest or other fees.(4) In a trust,the property of the trust that generates income.Principal can be real property or personal property.

Principal

The portion of the monthly payment that is used to reduce the loan balance.

See Amortization.

References in classic literature ?
We have learned to think of women in a sort of symbolic transfiguration, based on clothes; and one of the readiest ways in which we conceive our mistress is as a composite thing, principally petticoats.
This group is composed principally of nine large islands, that form a band of 120 leagues N.
At first some rash individuals, principally of the gentler sex, espoused his cause, which became still more popular when the Illustrated London News came out with his portrait, copied from a photograph in the Reform Club.
Hurst, principally occupied in playing with her bracelets and rings, joined now and then in her brother's conversation with Miss Bennet.
The remainder of Governor Belcher's term of office was principally taken up in endeavoring to settle the currency.
These horses are principally of the pony breed; but remarkably stout and long-winded.
It was composed principally of large empty calabashes, with a few polished cocoanut shells, and looked not unlike a cenotaph of skulls.
The traffic of that company lay principally in the high northern latitudes, while there were immense regions to the south and west, known to abound with valuable peltries; but which, as yet, had been but little explored by the fur trader.
The belief of being prudent, and self-denying, principally for his advantage, was her chief consolation, under the misery of a parting, a final parting; and every consolation was required, for she had to encounter all the additional pain of opinions, on his side, totally unconvinced and unbending, and of his feeling himself ill used by so forced a relinquishment.
Some of her old friends, principally to be found among the peachy-cheeked charmers with the skeleton throats, did once occasionally say, as they toyed in a ghastly manner with large fans--like charmers reduced to flirting with grim death, after losing all their other beaux--did once occasionally say, when the world assembled together, that they wondered the ashes of the Dedlocks, entombed in the mausoleum, never rose against the profanation of her company.
There are two things which principally inspire mankind with care and love of their offspring, knowing it is their own, and what ought to be the object of their affection, neither of which can take place in this sort of community.
It is very interesting--partially since it is a bit of hitherto unrecorded history, but principally from the fact that it records the story of a most remarkable revenge and the adventurous life of its innocent victim--Richard, the lost prince of England.