Board logo

标题: Principal [打印本页]

作者: Foufou    时间: 2011-7-13 15:43     标题: Principal

I have seen questions referring principal everywhere. Who exactly is the principal?
作者: lc26mizzou    时间: 2011-7-13 15:43

If you're talking about the principle-agent problem, the principle is the owner/shareholders.

If you're talking about loans, principal is the amount you're owed excluding interest payments.
作者: LokiDog2    时间: 2011-7-13 15:43

I think it's related to underwriting. It's supposed to a designation if I understand the questions correctly. It has been used in many ethics questions in schweser mock exams.




欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) Powered by Discuz! 7.2