Difference between revisions of "Principal"

From ACT Wiki
Jump to: navigation, search
(Add the case of a principal who is not represented by an agent.)
(Add disambiguation from 'principle' and link with Arm's length principle and Separate personality principle pages.)
Line 19: Line 19:
  
 
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.
 +
 +
 +
5.
 +
 +
Most important, or largest.
 +
 +
Not to be confused with ''principle'', which is different.
  
  
Line 25: Line 32:
 
* [[Agency]]
 
* [[Agency]]
 
* [[Agent]]
 
* [[Agent]]
 +
* [[Arm’s length principle]]
 
* [[Coupon rate]]
 
* [[Coupon rate]]
 
* [[Dual currency bond]]
 
* [[Dual currency bond]]
Line 33: Line 41:
 
* [[Point]]
 
* [[Point]]
 
* [[Self-financing loan]]
 
* [[Self-financing loan]]
 +
* [[Separate personality principle]]
 
* [[Annuity factor]]
 
* [[Annuity factor]]
 
* [[Instalment]]
 
* [[Instalment]]

Revision as of 07:20, 14 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.


5.

Most important, or largest.

Not to be confused with principle, which is different.


See also