Outstanding Principal
Defined in 1 dictionary — U.S. Code
United States Code
48 U.S.C. § 2231 — in this subchapter
The term "Outstanding Principal" means—
(A) for a Bond that is not a Capital Appreciation Bond or a Convertible Capital Appreciation Bond, the outstanding principal amount of such Bond; and
(B) for a Bond that is a Capital Appreciation Bond or a Convertible Capital Appreciation Bond, the current accreted value of such Capital Appreciation Bond or a Convertible Capital Appreciation Bond, as applicable.