Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase.Textron must pay back the $1,000 on August 1,2015.The $1,000 is known as which of the following?

Name: Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase.Textron must pay back the $1,000 on August 1,2015.The $1,000 is known as which of the following?
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Question

Quizplus · Accepted Answer

The $1,000 is known as the principal, which is the original amount of the loan or investment that must be repaid at maturity.

Alli Kamal Loaned Textron Corporation $1,000 in the Form of a Bond