Difference between revisions of "Principal"

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(Link with Interest page and incorporate Wiki numbering.)
(Generalise the health warning about distinguishing from 'principle'.)
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#An individual or other legal person represented by an agent.
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#In agency law, an individual or other legal person represented by an agent.
#A legal person acting on their own behalf.  
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#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. (Not to be confused with ''principle'', which is different.)
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#Most important, or largest.  
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The concepts of 'principal' above, should not be confused with ''principle'', which is different.
  
  

Revision as of 15:45, 19 November 2015

  1. In agency law, an individual or other legal person represented by an agent.
  2. In law, 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.

The concepts of 'principal' above, should not be confused with principle, which is different.


See also