Principal Sum

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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.
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