Homonym: Principal (Chief)
The term "Principal" often refers to the head of a school, responsible for overseeing daily operations, managing staff, and ensuring students receive a quality education. This person plays a crucial role in creating a positive learning environment and implementing school policies. The Principal works closely with teachers, parents, and the community to support student success.
In finance, "Principal" can also mean the original sum of money borrowed or invested, excluding any interest or profits. For example, when you take out a loan, the Principal is the amount you must repay, while the interest is the extra cost for borrowing that money.