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Principal might be good--I've seen that used. I tried googling to figure out what it implies exactly, and wasn't successful. Can define for me what it "means" a
by ericb 17y ago
Principal might be good--I've seen that used. I tried googling to figure out what it implies exactly, and wasn't successful. Can define for me what it "means" a little better?
- abalashov 17y agoIt has a somewhat flexible meaning, but is usually used to refer to the partners (owners) of a business with an emphasis on the financial aspect of their ownership. The ownership has to be significant; elementary shareholders don't qualify. It is also sometimes used more loosely of corporate officers, i.e. CxOs. The signature of a principal is often required in serious contracts. In other words, the defining attribute of a principal is his or her ability to represent the firm in a legally binding way with no limitations.
- abalashov 17y agohttp://www.allbusiness.com/glossaries/principal/4945311-1.html http://www.allbusiness.com/glossaries/principal/4945311-1.ht...