principal payment Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “principal payment” in the English Dictionary

"principal payment" in Business English

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principal paymentnoun [C]

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