The face amount of debt; the amount borrowed or lent. Often called principal.
Similar Matches
Principal
Principal (1) The total amount of money being borrowed or lent. (2) The party affected by agent decisions in a principal-agent relationship.
Principal agent relationship
Principal agent relationship Occurs when one person, an agent, acts on the behalf of another person, the principal.
Principal Exchange Rated Linked Securities (PERLS)
Principal Exchange Rated Linked Securities (PERLS) A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency.