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original debt vs principle debt

Both phrases are correct, but they are used in different contexts. 'Original debt' refers to the initial amount borrowed or owed, while 'principal debt' refers to the main amount of debt excluding interest. They are not interchangeable and should be used based on the specific context.

Last updated: March 30, 2024 • 500 views

original debt

This phrase is correct and commonly used in English to refer to the initial amount borrowed or owed.

This phrase is used to describe the original amount of debt that was incurred, without including any interest or additional charges.

Examples:

  • The original debt was $10,000 before any interest was added.
  • The company is struggling to repay its original debt from the loan.
  • While her original debt isn't paid, the interest just keeps on growing.
  • The total interest settled by PZL Dêbica on 14 August 2012 amounted to PLN 103566,29, nearly double the amount of the original debt of PLN 61104,97.
  • But in the context of debt relief it also requires justice and a recognition that in many cases, the original debt has already been repaid many times over.
  • Given that this aid had similar effects to a debt waiver, the Commission could, however, accept that the Polish authorities proceed with recovery as if the original debt had been waived.
  • The Commission considers that such failure must have come to the knowledge of the main public creditors such as ZUS, the local authority and the Tax Office, as they all were involved in the original debt restructuring.
  • However, given that a market economy operator would have enforced the original debt, this debt should hypothetically no longer exist and should not therefore be counted twice.
  • And, since all this money is created out of debt, and circulated randomly through commerce, people become detached from their original debt.
  • Where a customs debt has been remitted or the corresponding amount of duty repaid in error, the original debt shall again become payable.

Alternatives:

  • initial debt
  • starting debt
  • base debt
  • fundamental debt
  • primary debt

principle debt

This phrase is correct and commonly used in English to refer to the main amount of debt excluding interest.

This phrase is used to describe the main amount of debt that is owed, excluding any interest or additional charges.

Examples:

  • The principal debt is $8,000, with an additional $2,000 in interest.
  • The company has paid off the principal debt but still owes interest.
  • In principle a customs debt is also incurred for 1041,67 kg of import goods.
  • Or he could have adopted a less aggressive strategy: Concede from the start the German principle that debts are sacrosanct and then show that austerity could be eased without any reduction in the face value of Greek debt.
  • Gerald Corrigan, Chairman of Goldman Sachs Bank USA, started off by presenting what he called the "core principles" of debt management.
  • The current variations between the principles for debt recovery in individual Member States of the European Union seriously hinder the recovery of cross-border debts.
  • According to that principle, debt capital put at the disposal of a company by the state, directly or indirectly, in circumstances which correspond to the normal conditions of the market, should not be qualified as State aid [62].
  • The new company in such cases does not in principle take over the debts of its predecessor and thus does not suffer from the difficulties described in the Restructuring Guidelines.
  • Such guarantees should not, in principle, include subordinated debt (tier 2 capital) or an indiscriminate coverage of all liabilities, as it would merely tend to safeguard the interests of shareholders and other risk capital investors.
  • a. if Larco had profits during a financial year, the interest accrued (6 % p.a.) would be repaid to the creditors first, before the repayment of the debt's principle;
  • Germany claims that the private creditor principle may be also invoked with respect to tax debts or quasi-tax debts [16].
  • Government debt should, in principle, fall to a permanently lower level because of the UMTS proceeds.
  • However, equally important are issues of long-term debt sustainability and responsible lending principles.
  • Certainly, the debts should be honoured, in principle.
  • Such recovery costs shall respect the principles of transparency and proportionality as regards the debt in question.
  • Thus there is no express principle of ordinary law governing the liability of members for debts.
  • A new debt initiative should provide a speedier phasing out of debt for those countries whose governments respect human rights, the principle of good governance and give priority to poverty eradication.
  • The expert concludes that in so far as there is a principle of ordinary law, it would be a principle whereby those who set up a legal person guarantee its debts.
  • The principle that continuous non-enforcement of public-law debt can in itself constitute State aid is established in case-law [57].
  • And we need to learn that principle here in the States, because we have a big debt.
  • Such safeguards may include a shorter issuance period than that allowed in principle under the present communication, deterrent pricing conditions and appropriate quantitative limits on the debt covered.
  • In principle, these interventions represent acquisitions of financial assets with no effect on a government's net debt.

Alternatives:

  • main debt
  • core debt
  • primary debt
  • fundamental debt
  • key debt

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