Dictionary of Business Terms: principal sum
principal sum
Finance: obligation due under a debt instrument exclusive of interest.
Insurance: amount specified as payable to the beneficiary under a policy, such as the death benefit.
Dictionary of Finance and Investment Terms: principal sum
principal sum
Finance: also used as a synonym for principal, in the sense of the obligation due under a debt instrument exclusive of interest. Synonymous with corpus. See also trust.
Insurance: amount specified as payable to the beneficiary under a policy, such as the death benefit.
Dictionary of Insurance Terms: principal sum
principal sum
accidental death benefit option that can be added to a Disability Income (DI) policy under which a lump sum is payable at the loss of life, dismemberment, or loss of sight.
