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PRINCIPAL

by Art

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This term is used to mean the employer of an agent; or the amount of money borrowed, or the amount of the loan. Also, one of the main parties in a real estate transaction, such as a buyer, borrower, seller, lessor.

Related Articles:
  • Glossary: ACTUAL AUTHORITY
  • Glossary: AGENT
  • Glossary: AMORTIZED LOAN
  • Glossary: COLLATERAL SECURITY
  • Glossary: COMPOUND INTEREST
« Back to Glossary Index

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