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Principal Sum

 

Finance: also used as a synonym for Principal, in the sense of the obligation due under a debt instrument exclusive of interest. Synonymous with Corpus. See also Trust.

Insurance: amount specified as payable to the beneficiary under a policy, such as the death benefit.

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Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more