|
|
Principal |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
PrincipalThe initial amount of a loan, thus not including interest.PrincipalThe sum of money outstanding upon which interest is payable. Also refers to one who is served by an agent. Private Mortgage Insurance (PMI): Insurance written by a private mortgage insurance company protecting the mortgage lender against loss occasioned by a mortgage default and foreclosure.PrincipalThe amount of money that the borrower owes on a mortgage - the amount on which interest is calculated.PrincipalA person or company for whom an agent acts.The face value of a debt instrument such as a bond or a note.Principal(1) The total amount of money being borrowed or lent. (2) The party affected by agent decisions in a principal-agent relationship.Principal Similar MatchesValue additivity principalValue additivity principalWhen the value of a whole group of assets exactly equals the sum of the values of the individual assets that make up the group of assets. Or, the principle that the net present value of a set of independent projects is just the sum of the net present values of the individual projects. Principal agent relationshipPrincipal agent relationshipOccurs when one person, an agent, acts on the behalf of another person, the principal. Principal supplierPrincipal supplierThe country that has the largest share of imports of a good into a particular importing country, among those exporters subject to MFN tariffs. It is customary in tariff negotiations, and to some extent mandated by WTO rules, that countries negotiate with their principal suppliers. Principal only (PO)Principal only (PO)A mortgage-backed security (MBS) whose holder receives only principal cash flows on the underlying mortgage pool. All the principal distribution due from the underlying collateral pool is paid to the registered holder of the stripped MBS on the basis of the current face value of the underlying collateral pool. Undisclosed PrincipalUndisclosed PrincipalA principal whose identity is not revealed by an agent. Further SuggestionsPrincipal stockholderPrincipal Exchange Rated Linked Securities (PERLS) Additional principal payment Principal amount Remaining principal balance |
|
|
|