The amount of money borrowed or remaining unpaid on a loan Interest is charged as a percentage of the principal Insurance and origination fees will be deducted from this amount before disbursement
The amount borrowed or remaining unpaid, excluding interest The part of the monthly payment that reduces the remaining balance of a mortgage
The amount of the entire mortgage loan, not counting interest Also, as a part of PITI, the amount of the monthly mortgage payment which does not include the interest, insurance, and taxes
most important element; "the chief aim of living"; "the main doors were of solid glass"; "the principal rivers of America"; "the principal example"; "policemen were primary targets"
Unlike interest or fees, the principal reflects the actual dollar amount of the purchases you made or the balance that remains on your loan or credit card account