Super Finance Glossary
Over 10,000 financial glossary terms...
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Searched for Principal
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Principal
Definition: (1) The total amount of money being borrowed or lent. (2) The party affected by agent decisions in a principal-agent relationship.
Definition: (1) The total amount of money being borrowed or lent. (2) The party affected by agent decisions in a principal-agent relationship.
Principal Amount
Definition: The face amount of debt; the amount borrowed or lent. Often called principal.
Definition: The face amount of debt; the amount borrowed or lent. Often called principal.
Principal And Interest Payment (P & I)
Definition: A periodic payment, usually paid monthly, that includes the interest charges for the period plus an amount applied to amortization of the principal balance.
Definition: A periodic payment, usually paid monthly, that includes the interest charges for the period plus an amount applied to amortization of the principal balance.
Principal Exchange-Rated-Linked Securities (PERLS)
Definition: 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.
Definition: 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 Finance
Definition: Usually refers to the area within an investment bank that deals with high grade fixed income. This group will not just trade bonds on the secondard market but will be actively involved in the debt financing of new projects. Many firms have Principal Finance Officers.
Definition: Usually refers to the area within an investment bank that deals with high grade fixed income. This group will not just trade bonds on the secondard market but will be actively involved in the debt financing of new projects. Many firms have Principal Finance Officers.
Principal Finance Officer
Definition: The head of an investment bank's Principal Finance division or a person that overseas the principal finance dealings of a firm. These dealings usually involve high grade bonds that are used to finance new projects for firms.
Definition: The head of an investment bank's Principal Finance division or a person that overseas the principal finance dealings of a firm. These dealings usually involve high grade bonds that are used to finance new projects for firms.
Principal Stockholder
Definition: A stockholder who owns 10% or more of the voting stock of a company. Such stockholders must report all trading in the stock to the SEC pursuant insider trading rules.
Definition: A stockholder who owns 10% or more of the voting stock of a company. Such stockholders must report all trading in the stock to the SEC pursuant insider trading rules.
Principal, Interest, Taxes, And Insurance Payment (PITI)
Definition: The periodic (typically monthly) payment required by an amortizing loan that includes escrow deposits. Each periodic payment includes a principal and interest payment plus a contribution to the escrow account set up by the lender to pay insurance premiums and property taxes on the mortgaged property.
Definition: The periodic (typically monthly) payment required by an amortizing loan that includes escrow deposits. Each periodic payment includes a principal and interest payment plus a contribution to the escrow account set up by the lender to pay insurance premiums and property taxes on the mortgaged property.
Principal-agent Relationship
Definition: Occurs when one person, an agent, acts on the behalf of another person, the principal.
Definition: Occurs when one person, an agent, acts on the behalf of another person, the principal.
Principal-only (PO)
Definition: 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.
Definition: 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.
