Principal
The face amount or par amount of a bond, not including interest, payable on its maturity date.
bond-basics
Amortization
The payment of the Principal of a Bond Issue by periodic payments either directly to bondholders or to a Sinking Fund for the benefit of bondholders.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Official Action / Intent
The evidence of official intent of the Issuer (or the conduit borrower if it is a 501(c)(3) organization) to reimburse expenditures with proceeds of the bonds.