Principal
The face amount or par amount of a bond, not including interest, payable on its maturity date.
The payment of the Principal of a Bond Issue by periodic payments either directly to bondholders or to a Sinking Fund for the benefit of bondholders.
See Also
The face amount or par amount of a bond, not including interest, payable on its maturity date.
A financial guaranty insurance policy provided by a bond insurer which pledges to make scheduled payments of interest and principal of a bond issue in the event the issuer is unable to make those payments on time.