Principal
The face amount or par amount of a bond, not including interest, payable on its maturity date.
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
The face amount or par amount of a bond, not including interest, payable on its maturity date.
The sale of a new issue of bonds by an issuer through an exclusive agreement with an underwriter or underwriting syndicate selected by the issuer.