Principal

The amount of money you borrowed or deposited, excluding any accumulated interestA charge for borrowing money, most often based on a percentage of the amount owed. More. 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.

Susie Q