1. Law: (1) A party who designates another (the agent) to act on his or her behalf. (2) A party that has the primary responsibility in a liability or obligation, as opposed to an endorser, guarantor, or surety. (3) A person who commits a crime, takes an active part in its commission, or directly or indirectly counsels or procures another person to commit it.
3. Contracts: A client who awards a contract to a contractor for completion of a job or project in accordance with terms of the contract. Also called owner.
Use 'principal' in a Sentence
The five businesses looking for new office space elected Jack to be the Principal agent for purchasing the real estate property to build their new office tower.
The principal beneficiary of the will received two-thirds of the man's estate, while the other members of the family divided up the remaining third.
Danielle's parents were the principal investors in her business, so when she became successful, she bought them a new house.
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