Difference between revisions of "Principal"

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m (Additional sentence added to item 2 to bring in line with Glossary)
(Updated entry. Source ACT Glossary of terms)
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* [[Point]]
 
* [[Point]]
 
* [[Self-financing loan]]
 
* [[Self-financing loan]]
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* [[Annuity factor]]
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* [[Instalment]]

Revision as of 11:15, 26 November 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.


See also