Principal: Difference between revisions
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imported>Doug Williamson m (Spacing 21/8/13) |
imported>Doug Williamson m (Additional sentence added to item 2 to bring in line with Glossary) |
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The amount of an investment or a loan, excluding any interest. | The amount of an investment or a loan, excluding any interest. | ||
When the whole of a loan is drawn down at the start, the principal is simply the amount originally borrowed. | |||
Revision as of 13:36, 10 September 2014
1.
An individual or other legal person represented by an agent.
2.
The amount of an investment or a loan, excluding any interest.
When the whole of a loan is drawn down at the start, the principal is simply the amount originally borrowed.
3.
The reference amount of a traded financial instrument, used to determine its future cashflows.
