Principal definition
/What is Principal in Finance?
Principal is the amount of a debt that was originally borrowed, and which remains unpaid. This amount does not include any accumulated unpaid interest associated with the debt.
What is Principal in a Contract?
Principal can also refer to the chief participant in a contract or other business transaction.
What is Principal in a Trust?
Principal can also refer to the property held by a trust. It is not the income generated by that property.