What is the meaning of Principal Payment?

Principal Payment is a payment applied entirely to the principal balance of the loan; formerly called' curtailment'.

Barry Goldsmith
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APABarry Goldsmith. (2010). principal payment. Retrieved September 20, 2026, from http://smartdefine.org/principal_payment/definitions/1161141
ChicagoBarry Goldsmith. 2010. "principal payment" http://smartdefine.org/principal_payment/definitions/1161141 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, principal payment, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/principal_payment/definitions/1161141>.
MLABarry Goldsmith. "principal payment" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/principal_payment/definitions/1161141>