Annuity Principal

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.

Other Words for Principal

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
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Principal Meridian

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

Principal Exchange-Rated-Linked Securities (PERLS)

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

Principal On A Note

Business / Accounting / Principal On A Note: The face amount of a note: the amount (excluding interest) that the maker agrees to pay the payee. MORE

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