Principal: Difference between revisions
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imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
imported>Brianlenoach@hotmail.co.uk (Add the case of a principal who is not represented by an agent.) |
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2. | 2. | ||
A legal person acting on their own behalf. | |||
3. | |||
The amount of an investment or a loan, excluding any interest. | The amount of an investment or a loan, excluding any interest. | ||
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4. | |||
The reference amount of a traded financial instrument, used to determine its future cashflows. | The reference amount of a traded financial instrument, used to determine its future cashflows. | ||
Revision as of 21:10, 13 December 2014
1.
An individual or other legal person represented by an agent.
2.
A legal person acting on their own behalf.
3.
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.
4.
The reference amount of a traded financial instrument, used to determine its future cashflows.
