Glossary
Principal
The amount you actually borrowed, as opposed to the interest charged on it. Every debt payment splits between the two; extra payments that hit principal directly are what shorten a loan.
Full treatment
Credit & Debt guide
Glossary
The amount you actually borrowed, as opposed to the interest charged on it. Every debt payment splits between the two; extra payments that hit principal directly are what shorten a loan.
Full treatment
Credit & Debt guide