![]() The difference can be seen in the last three letters of each word, with “principal” ending with -al and “principle” with -le. Principal and principle sound the same but are spelled differently. My father is the principal shareholder of a foreign and indigenous bank. b) AGREEif you agree to something in principle, you agree about a general plan or idea but have not yet considered the details They have accepted the idea in. ![]() The CEO and CFO are the principal officers in that organization. For example: My mother is the principal guest speaker at the event. It functions as an adjective when it describes the critical person or item. The loan principal and interest must be repaid He is the principal of that old bank. For example: All school teachers and principals in the district should attend the conference. On the other hand, principal can be used as a noun when referring to a leader/superior and the original amount of a loan. For example: Did you know the basic principle of Insurance is Indemnity? As a lawyer, you ought to adhere to the principles of law. You make use of “principle” as a noun in a sentence whenever you refer to fundamental concepts, ideas, or guiding truths that should be followed. As an adjective, principal describes a noun. As nouns, they can refer to a person, place, thing, substance, event, or quality. Lastly, as a noun, principal also refers to the original amount of money invested or lent. Gilbert is the director and principal of the consulting agency. When you apply for an AIP the lender will check your credit file to establish whether youre eligible to borrow from. Principal can also refer to anyone who is in a leading position. An agreement in principle, also known as a decision in principle, a mortgage promise or a mortgage in principle, is a certificate or statement from a lender to say that, in principle, they would lend you a certain amount. ![]() Principle, on the other hand, can only be used as a noun. Principal can refer to someone who runs a school. Part of speechīoth words are commonly used as nouns however, principal can be used as a noun and an adjective. The synonyms of principle include “proposition,” “concept,” “idea,” “theory,” “postulate,” “assumptions.” The antonyms of principle include “ambiguity,” “end,” “result,” and “effect.” Distinctions Between “Principal” and “Principle” 1. “Principle” on the other hand, is a noun that generally means a rule, fundamental truth, or tenet such as the principles of law. The synonyms of principal include “dominant,” “key,” “major,” “predominant,” “superior,” “prime,” and “capital.” The antonyms of principal include “last,” “auxiliary,” “minor,” “secondary,” and “subordinate.” ![]() It simply means main, first, foremost, or primary as an adjective. As a noun, it can also mean a capital sum of money or someone who employs an agent to act on his behalf. These words are homophones, words spelled differently with dif. The Agreement in Principle outlines the terms to be included in the OLIA which will establish the framework to govern Falco’s development and operation of its Horne 5 project.Falco also entered into an option agreement granting Falco the sole and exclusive right to acquire an undivided one hundred percent ownership interest in the Norbec and Millenbach sites located in the vicinity of the City of Rouyn-Noranda.“Principal” is a noun and sometimes an adjective that generally means the main or head person. Learn how to pronounce the words PRINCIPLE & PRINCIPAL with this English pronunciation lesson. NCN and Hydro entered into discussions about the Wuskwatim and Notigi projects in 1999 that led to the Agreement in Principle (AIP), which was signed by NCN and Hydro in September 2001 after a ratification vote by NCN Members authorizing Chief and Council to negotiate a Project Development Agreement (PDA). Staff-prepared Basis for Agreement in Principle (BFAP) documents were released in January 2017 to explain the rationale for the IESBA’s conclusions on Phase 1 of each of the two projects.Īlso on August 10, 2016, the United States and the City entered into an Agreement in Principle that outlined the reforms necessary to address the United States’ findings.įor example, the Deeds for Taranaki Whanui and Ngati Apa provided for interest from date of signing of Agreement in Principle, which was about a year earlier than the Deed of Settlement. Examples of Agreement in Principle in a sentence
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