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.
Check out NoBroker Legal services to verify property title, draft sale agreement, deeds, property registration and moreYour Feedback Matters! How was this Answer?
Thanks ,We got your reaction
NoBroker Cash Loans
✔
Max Funding✔
Lowest Interest Rates✔
Quick Sanction✔
Doorstep Assistance✔
No Hidden Charges
Get Cash Loan
Apply Now
Know your Borrowing Capacity
Check Eligibility
Compare Loans
Calculate Your EMI Now
What is the meaning of principal of the lender and borrower?
Ezedin
95 Views
1
1 Year
2023-07-07T02:54:30+00:00 2023-07-07T08:49:15+00:00Comment
Share