However, only the principal amount is insured and not the interest.
The principal amount is not at risk, unless the bank defaults.
Any debtor, who has paid more than the double of the principal amount, can approach the board.
The principal amount, all of it outstanding, totals $500 million.
CU-2-004, in the principal amount of $16,000.00 (plus 6 percent simple annual interest).
The redemption price will be 108.99 percent of the principal amount.
However, as the principal amount grows, the payments increase with inflation.
In each case the redemption price will be 100 percent of the principal amount.
The notes payable always include only the principal amount of the debt.
The higher the interest rate, the lower the principal amount.
