08/03/2016
(i) The value of a debt security as issued by a company government. The principal of a debt instrument does not include interest and premium on the bond. It is the amount redeemed by the issuer on maturity.
(ii) Principal also refers to a dealer what acts for his own account in a stock market transaction.
(iii) Also refers to a stockbroker’s client for whom the stockbroker is an agent.