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For loans, the primary amount is the principal, which must be repaid in addition to whatever interest is charged. Until the principal is completely paid, the loan agency will normally continue to charge interest.
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoThe correct spelling is principal and interest. The principal is normally the amount borrowed, which is reduced by paying any amount exceeding the interest.
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What is the meaning of principle on a loan?
The base amount of the loan - not including interest That is the principal of the loan not the principle
How do you spell bank principle?
The spelling of the term used in finance is principal(beginning amount of deposit or loan).The sound-alike word principle means a scientific or moral concept.
What is the correct spelling of principle reduction?
In this case, the spelling is principal, referring to the primary amount of a loan or investment.
When do you use principal in a sentence?
Principle can be used as an adjective when referring to the main or most important component of something. Example: The principle character in the book was a little kid who grew up to be President of the United States. It can also be used as a noun when referring to an authority figure or chief executive. Example: The school principle is the leader of the faculty. It can also be used when referring to a loan or mortgage. Example: Fred pays 20 percent against his principle and 80 percent against the interest when he pays his mortgage.
How do you spell principle at school?
The correct spelling is "principal" when referring to the head of a school. "Principle" refers to a fundamental truth or a guiding belief.
How do you spell referring as to she was referring to her dog?
Referring is the correct spelling.
What does accepted in principle mean on a loan?
intrest
How do you spell the other principle?
principal
Is the base amount of a loan the principle or the principal?
The principal.
How do you spell referring?
That is the correct spelling of "referring" (recommending, or alluding to).
What is the definition of 'loan repricing'?
When a loan matures, the principle of the loan is repaid and lent at a potentially new rate, hence the term "repricing."
How do you spell princible?
The correct spelling is principle.
