The amount of money an issuer agrees to pay the lender at the expiration date of the bond.
Principal (Bond)
You may be interested in
-
Par Value
The face value of a bond or the stock value stated in the corporate charter.
Full definition 🠆 -
Participating Preferred
A type of stock that gives the holder the right to earn dividends at a higher rate.
Full definition 🠆 -
Pass-Through Security
A pool of fixed-income securities backed by a package of assets.
Full definition 🠆