Principal
Principal is the face amount of the note.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Principal. The face amount of the note.
According to Principles of Economics by Timothy Taylor (3rd edition),
- Principal. The amount of an original financial investment, before any rate of return is paid.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
