Definition: The amount of money borrowed before interest and fees.
Why it matters
This term can affect how a loan is priced, approved, serviced or reported.
Example
Always interpret the term in the context of the specific agreement and local law.
The amount of money borrowed before interest and fees.
This term can affect how a loan is priced, approved, serviced or reported.
Always interpret the term in the context of the specific agreement and local law.