Principal means first in order of importance. The principal reason for my change of mind is this. the country's principal source of foreign exchange earnings Their principal concern is bound to be that of winning the next general election. = main, chief
Highest in rank, authority, character, importance, or degree; most considerable or important; chief; main; as, the principal officers of a Government; the principal men of a state; the principal productions of a country; the principal arguments in a case
At the beginning of your loan, it is the amount that you borrow: when you borrow $100,000 your principal is $100,000 During the term of your loan it is the amount you owe exclusive of interest, late charges and other fees The principal is always the amount on which you pay interest (see Interest) With most loans, your early mortgage payments pay mostly the interest that you owe, with very little from each payment going to pay off the principal Only later will a larger portion of your payments begin to pay off the principal
The amount of money borrowed to buy your house or the amount of the loan that has not yet been paid back to the lender This does not include the interest you will pay to borrow that money The principal balance (sometimes called the outstanding or unpaid principal balance) is the amount owed on the loan at any given time It is the original loan amount minus the total repayments of principal you have made to date
The principal of a school, or in Britain the principal of a college, is the person in charge of the school or college. Donald King is the principal of Dartmouth High School. most important = main (principalis, from princeps; PRINCE)
The principal is the amount of money borrowed or remaining unpaid on a loan Interest is charged as a percentage of the principal Insurance and origination fees will be deducted from this amount before disbursement
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