principal payment - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “principal payment”

principal payment

noun [C]
 
 
FINANCE a payment made to pay back all or part of a loan, rather than to pay interest on the loan: The hospital operator said its lenders also agreed to defer a $4.2 million principal payment until March 31.
(Definition of principal payment from the Cambridge Business English Dictionary © Cambridge University Press)
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