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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.
The basic amount of an investment, upon which the investor may accrue interest or other income.
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The original balance of the money lent, excluding interest.
State of Maine, Department of Professional and Financial Regulation - Cite This Source - This Definition
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The amount of money borrowed or the amount still owed on a loan.
- Browse Related Terms: Collateral, creditor, Equity stripping, Home Equity Line of Credit (HELOC), Home Ownership and Equity Protection Act (HOEPA), interest, Interest rate, Loan modification activities, Principal, Rate Spread, Servicemen’s Readjustment Act, Truth-In-Lending Act (TILA)
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