what is principal amount
what is principal amount
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Teddy Loyd
Principal amount, in the context of borrowing, it is the initial size of a loan amount; it can also be the amount still owed on a loan. Let’s say you take out a $50,000 mortgage; for example, the principal is $50,000. So if you pay off $30,000, the principal balance now consists of the remaining $20,000.