principal
Definition 1
Agency: Person who designates another (the agent) to act on his or her behalf.
Definition 2
Trading: Major party in a business transaction.
Definition 3
Contracting: Client who awards a contract to a contractor for completion of a job or project in accordance with terms of the contract. Also called owner.
Definition 4
Finance: Capital as distinct from the income (interest) derived from it.
Definition 5
Law: (1) Party that has the primary responsibility on a liability or obligation, as opposed to an endorser, guarantor, or surety. (2) Person who commits a crime, takes an active part in its commission, or directly or indirectly counsels or procures another person to commit it.
Definition 6
Securities: Par value of a security.
principal is in the Advertising, Marketing, & Sales, Agreements & Contracts, Banking, Commerce & Finance, Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
principal appears in the definitions of the following terms:
paying agent,
agency by ratification,
traditional option,
convenience termination clause,
dual capacity,
mortgage derivative,
mortgage amortization schedule,
back letter,
mirror site,
protected territory
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/principal.html
email to a friend print this definition cite this definition