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
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Bond Insurance (Policy)
A financial guaranty insurance policy provided by a bond insurer which pledges to make scheduled payments of interest and principal of a bond issue in the event the issuer is unable to make those payments on time.