Business / Taxes / Annuity Principal: The annuity principal is the sum of money you use to buy an annuity and the base on which annuity earnings accumulate. If you’re buying a deferred annuity, you may make a one-time — or single premium — purchase, or you may build your annuity principal with a series of regular or intermittent payments. For example, if you own an annuity in an employer-sponsored retirement plan, you add to your principal each time you defer some of your income into your account — typically every time you’re paid. When you buy an immediate annuity, you commit your annuity principal as a lump sum, and that amount is one of the key factors that determines the amount of your annuity income.
Principal Noun Synonyms: (working) capital, capital funds, resources, investment, backing, (cash) reserve(s), assets, money
Principal Adjective Synonyms: chief, primary, prime, paramount, main, first, foremost, ranking, pre-eminent, predominant, dominant, prevailing, leading, starring
Business / Real Estate / Principal Meridian: The main imaginary line running north and south and crossing a base line at a definite point, used by surveyors for reference in location and describing land under the rectangular (government) survey MORE
Business / Finance / Principal Exchange-Rated-Linked Securities (PERLS): A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency. MORE