Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “principal”

See all translations

principal

noun
 
 
/ˈprɪnsəpəl/
[C usually singular] FINANCE an amount of money lent or borrowed, rather than the interest paid on it: She lives off the interest and tries to keep the principal intact. These bonds involve the risk that the issuing company may be unable to pay interest or repay principal. The money is secured by the borrower's home, which is sold after the borrower's death to pay off the interest and principal.
[C] LAW a person who is directly involved in an arrangement, agreement, etc., rather than someone acting for that person: Once the principals sign the necessary papers the deal will be done.
[C] LAW a person who has legal responsibility for what a business or organization does: I later became a principal at an investment banking firm.
(Definition of principal noun from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of principal?
Add Cambridge dictionaries to your browser to your website

Definitions of “principal” in other dictionaries

Word of the Day

comma

the symbol , used in writing to separate parts of a sentence showing a slight pause, or to separate the single things in a list

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More