Principal

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Revision as of 21:10, 13 December 2014 by Brianlenoach@hotmail.co.uk (Talk | contribs) (Add the case of a principal who is not represented by an agent.)

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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.


See also