Business Glossary

Latin for body.

1. in trust banking, the property in a trust-real estate, securities and other personal property, cash in bank accounts, and any other items included by the donor.
2. body of an investment or note, representing the principal or capital as distinct from the interest or income.

1. principal of a trust, as distinct from interest income, which may consist of stocks, bonds, bank accounts, real estate, or other property contributed by the donor.
2. principal amount of an investment note. Compare to coupon
3. principal in a zero-coupon debt issue, which pays no interest to the holder until final maturity.

1. principal or res of an estate , trust , devise , or bequest from which income is derived; can consist of funds, real estate, or other tangible or intangible property.
2. in civil law, positive fact, as distinguished from a possibility.