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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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. April 03, 2020 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: April 03, 2020).
American Psychological Association (APA):
Principal (Sum). PayrollHeaven.com. Retrieved April 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/principal-sum/

Definition Sources


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

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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