Principal: Difference between revisions
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imported>Doug Williamson (Link with Interest page and incorporate Wiki numbering.) |
imported>Doug Williamson (Generalise the health warning about distinguishing from 'principle'.) |
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# | #In agency law, an individual or other legal person represented by an agent. | ||
# | #In law, a legal person acting on their own behalf. | ||
#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. | #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. | ||
#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. | ||
# Most important, or largest. | #Most important, or largest. | ||
The concepts of 'principal' above, should not be confused with ''principle'', which is different. | |||
Revision as of 15:45, 19 November 2015
- In agency law, an individual or other legal person represented by an agent.
- In law, a legal person acting on their own behalf.
- 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.
- The reference amount of a traded financial instrument, used to determine its future cashflows.
- Most important, or largest.
The concepts of 'principal' above, should not be confused with principle, which is different.
