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20202021
MS HSL ELIGIBILITY BROCHURE
Students: Your participation in high school activities is dependent on your eligibility. PROTECT that eligibility by reviewing with your
parent(s)/guardian(s)
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What is principal?
The principal is the main amount of money used in calculating interest, often referring to a sum borrowed or invested.
Who is required to file principal?
Individuals or entities that have certain financial obligations, such as loans or investments, are typically required to file principal.
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To fill out principal information, include the total amount borrowed or invested, the interest rate, and the payment schedule if applicable.
What is the purpose of principal?
The purpose of principal is to define the foundational amount that will generate interest or dividends over time.
What information must be reported on principal?
Information that must be reported includes the principal amount, terms of repayment, interest rates, and the duration of the loan or investment.
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