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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 MatchesPrincipal 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. 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 Exchange Rated Linked Securities (PERLS)Principal Exchange Rated Linked Securities (PERLS)A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency. Principal agent relationshipPrincipal agent relationshipOccurs when one person, an agent, acts on the behalf of another person, the principal. Principal amountPrincipal amountThe face amount of debt; the amount borrowed or lent. Often called principal. Further SuggestionsValue additivity principalPrincipal stockholder Additional principal payment Undisclosed Principal Remaining principal balance |
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