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 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)