In the context of borrowing, principal is the initial size of a loan or a bond (the amount that must be repaid)
. If you have borrowed money, loan principal is the original amount of money you borrowed from a lender and must repay. The person who is borrowing money from a bank, money lender or financial institution is typically known as the ‘principal borrower’, meaning the person who has borrowed the ‘principal’ or main loan amount.
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What is the meaning of principal of the lender and borrower?
Ezedin
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2023-07-07T02:54:30+00:00 2023-07-07T08:49:15+00:00Comment
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