LeoGlossary: Principal

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Published: 26 Jul 2022 › Updated: 26 Jul 2022 LeoGlossary: Principal

LeoGlossary: Principal

The amount owed on a mortgage or other debt.

When broken down to individual payments, the principal is the part of that remittance that goes towards paying down the loan as opposed to the interest.

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LeoGlossary: Principal

LeoGlossary: Principal

Written by leoglossary

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