Business and Personal Finance Dictionary

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• PRINCIPAL SHAREHOLDER - Shareholder owning 10% or more voting stock in a publicly listed company.
  
  
• PRINCIPAL STOCKHOLDER - A stockholder who owns 10% or more of the voting stock of a company. Such stock...
  
  
• PRINCIPAL, INTEREST, REAL ESTATE TAX, INSURANCE PAYMENT - The total mortgage payment which includes pri...
  
  
• PRINCIPAL, INTEREST, TAXES AND INSURANCE (PITI) - The monthly payment that is applied toward the loan b...
  
  
• PRINCIPAL, INTEREST, TAXES, AND INSURANCE (PITI) - The four components of a monthly mortgage payment on...
  
  
• PRINCIPAL-AGENT RELATIONSHIP - Occurs when one person, an agent, acts on the behalf of another person, ...
  
  
• PRINCIPAL-ONLY (PO) - A mortgage-backed security (MBS) whose holder receives only principal cash flows ...
  
  
• PRINCIPAL-ONLY (PO) TRANCHE - A CMO (q.v.) Tranche (q.v.) that receives a portion of only the CMO's und...
  
  
• PRINCIPAL-ONLY STRIP (P/O) - A form of stripped mortgage-backed security that only passes principal pay...
  
  
• PRINCIPLE - The amount borrowed or remaining unpaid. The part of the monthly payment that reduces the r...