Define: Principal (Sum)

UK Accounting Glossary

Definition: Principal (Sum)


Quick Summary of Principal (Sum)


The agreed amount of a loan, on which interest will be charged during the period of the loan.



What is the dictionary definition of Principal (Sum)?

Dictionary Definition


A sum of money lent or invested, on which interest is paid.


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Full Definition of Principal (Sum)



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Principal (Sum) FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/principal-sum/
Modern Language Association (MLA):
Principal (Sum). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/principal-sum/.
Chicago Manual of Style (CMS):
Principal (Sum). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/principal-sum/ (accessed: September 20, 2019).
American Psychological Association (APA):
Principal (Sum). PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/principal-sum/

Definition Sources


Definitions for Principal (Sum) are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.