The money lent to a borrower or put into an investment. The term can also be used to describe a private company’s owner or the main participant in a deal.
Principal
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Par Value
The face value of a bond or the stock value stated in the corporate charter.
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A type of stock that gives the holder the right to earn dividends at a higher rate.
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Pass-Through Security
A pool of fixed-income securities backed by a package of assets.
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