Principal

The amount of money you borrowed or deposited, excluding any accumulated interest. Some examples include:

  • Credit cards: The amount of purchases you have made but not paid on your credit card bill.
  • Car loans: The portion of the amount you paid for your car that you have not paid off.
  • Mortgages: The portion of the amount you paid for your house that you have not paid off.
  • Savings account: The balance in the account.