principal amount

Definitions (3)

1. The amount borrowed (such as the face value of a debt security), or the part of the amount borrowed which remains unpaid (excluding interest), here also called principal.
2. The part of a monthly payment that reduces the outstanding balance of a mortgage.
3. The original investment.

Use principal amount in a sentence

I wanted to know the principal amount because it would have to be paid back to us at a later date.

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After paying for 10 years on his Mortgage, Bob was surprised to find he'd only paid a couple thousand towards the principal amount.

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When taking into consideration a loan amount for any specific or general need one must observe the principal amount as the amount being loaned not to include taxes a fees

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paydown factor straight loan