![]() ![]() The four noble truths of Buddhism are another set of great examples of principles. Physics and chemistry have thousands of principles that are scientific theories such as the theory of relativity, but there are also principles in love and religion. There are also Generally Accepted Accounting Principles (GAAP) which give rules to Accountants that help them have clear and accurate financial statements. One studies the principles of economics in the intro to economics and applies them throughout their studies. The definition of principle is a law, theorem, or doctrine. Finally, you can also say the principal place of business where most business takes place. We can also say that the principal compound in the human body is water or H2O. For example, the first violin is the principal musician of the orchestra. ![]() The principal term as an adjective describes a noun as most important. I remember this noun’s spelling because our principal always said that “the principal of a school is always a PAL.” A principal, as a noun, is also a term used in a contractual agreement where a principal (person or entity) agrees that another individual or company can act as their agent.įurthermore, the principal can also be used in finance as a term to describe an originating loan amount which interest is accrued and charged on over several fiscal periods.Ī principal (adjective) means most important, or influential, according to. PrincipleĪ principal (noun) is a person, such as a principal of a school or a principal with controlling interest at an accounting firm. Conclusion on the Differences of Principal vs. ![]()
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