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.