Insurance Payout

  • 1 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 3 min read Definitions
Principal Sum: Obligation Due Under a Debt Instrument and Insurance Payout
Finance Insurance Debt Instrument Insurance Payout Beneficiary Principal Sum Death Benefit
In finance, the principal sum refers to the amount owed under a debt instrument, excluding interest; in insurance, it indicates the amount payable to the beneficiary under a policy, such as the death benefit.
Read more about Principal Sum: Obligation Due Under a Debt Instrument and Insurance Payout.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.