Definition: Principal is the total amount of money being invested, borrowed, lent, saved, etc.
Examples: A mortgage on a $180,000 house results in payments of $350,000 over 30 years, of which $180,000 is principal and $170,000 in interest expense.
Examples: A mortgage on a $180,000 house results in payments of $350,000 over 30 years, of which $180,000 is principal and $170,000 in interest expense.
SHARE
