From TheBestLinks.com
A principal is:
- The head of an institution. See Dean or School principal.
- Someone or a firm acting on its/his/her own behalf, not as an agent.
- In finance, the original amount of a debt on which interest is calculated. Also the amount still owed on a debt which has been partially paid, sometime also called remaining principal or outstanding balance.
- fundamental stop on a pipe organ. Good pipe organs usually have several prinicpals.
simple:Principal
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