Values: The 7 Key Differences Between Them . a. As an adjective it means highest. Lead consultant vs. Here are some definitions and examples to help clarify the meaning of these words. This is simply not true. The word pal refers to a friend, a person. Principle vs. Data for both Principal and any competitors is obtained from public sources using the same data process/ matching methodology for all without any adjustments and may vary in some cases. , director of engineering ), project, or production (as in a show or film, e. You can take out loans that are either principal and interest loans or classified as interest-only loans. There are numerous entities that you can form your business as including: Each business entity will have its own responsibilities and requirements that state law deems necessary. More popular! Principal 17,030,000,000 results on the web Main Difference – Values vs Principles Morals, ethics, values, beliefs, and principles are all factors that govern our character and behavior. This is generally where the business's books and records are kept and. Principal and Principle look and sound alike, yet have different meanings. Adjective: The main, primary or first, in order of importance. 用作名詞的時候，”Principal”中文可以翻譯爲校長或者一個機構. Principal vs principle. 33 went toward the principal. 79 goes to interest and $742. "Principal" as an adjective means main, chief, leading. those who are “not confident at all” in at least one area. is that capital is already-produced durable goods available for use as a factor of production, such as steam shovels (equipment) and office buildings (structures) while principal is the money originally invested or loaned, on which basis interest and returns are calculated. I will not lie. Principal ( noun ): someone or something of primary importance (e. In this article, we learn about the difference between “principal” and “principle. Trong giao tiếp hoặc xử lý văn bản, nhiều người học tiếng Anh dễ nhầm lẫn giữa hai từ "principle" và "principal" bởi cách phát âm hoàn toàn giống nhau. Agency trading involves a brokerage finding a counterparty to the customer's trade. Take a typical compound interest loan - a car note for example - with 10% APR and $10,000 current value. (obsolete) An essential point or rule; a principle. September 22, 2021 Mortgage Tips Principal vs. On the other hand, principle is a noun that means a rule, tenet, or basic truth, such as the principle of gravity. Contents: What’s the Difference Between Principal and Principle? Principal (adjective) For a professional athlete, staying healthy is of principal importance. Primary . Principals are naturally more relationship focused, but that is so generalized as to be unhelpful. How to Use Principle Principle is a noun that means basic truth, law, rule, or assumption. In lang=en terms the difference between principal and equity is that principal is a diapason, a type of organ stop on a pipe organ while equity is an equitable claim; an equity of redemption. g. Example: The guiding principle was the rule of law. A few examples, How much have you repaid on the principal of your loan? He was the principal in this crime, acting alone. If Agent doesn’t sell the peat, it can bring it back to the Principal. Principle. The principles established in the Declaration of Independence are that all men are created equal. “Principle” is a noun. An amortization chart for this example is listed below. ) “Principle” is only a noun, and has to do with law or doctrine: “The workers. Principle is a noun used to refer to a scientific, moral, or legal rule or standard. Trong giao tiếp hoặc xử lý văn bản, nhiều người học tiếng Anh dễ nhầm lẫn giữa hai từ "principle" và "principal" bởi cách phát âm hoàn toàn giống nhau. As a noun, “principal” refers to a controlling authority, such as someone in a leadership position. In finance, “principal” refers to a loan amount requiring repayment. A president is responsible for the overall operation of an organization, while a principal is responsible for managing a specific school or division within an organization. The word “principal” has several meanings in modern English. As nouns the difference between law and principle is that law is the body of rules and standards issued by a government, or to be applied by courts and similar authorities while principle is a fundamental assumption. Company “Principle” vs. Superintendent Principals and Superintendents are both administrative professionals within a school district setting. Access to resources is restricted by the roles assigned to the service principal, giving you control over which resources can be accessed and at which level. When you’re paying extra toward the principal, you will pay off the car loan early and pay less interest. I live by a single principle: be kind. Primary . ” Difference between Principal and Principle Meaning of Principal The word “principal” has several meanings in modern English. He seems to have no principles at all, and is only interested in money. They’re pronounced the same way, and they’re spelled almost the same way – but their meanings are quite different. Comparatively, the president of a company is not necessarily an owner. Here are some examples of the word “principal” used correctly in a sentence: Image Credits There is often confusion about the proper use of principle and principal. Dean . Examples: Principal in a sentence. Principal vs. When you. The interest payment is calculated on the unpaid balance. g. ''Principle'' is always a noun, which is sometimes erroneously used with the meaning of the adjective ''principal . While staff developers will still do lot of hands on coding work, it’s possible principals don’t do any implementation themselves but just set direction and work through others. Here are some examples of the word “principal” used correctly in a sentence: Ashleigh Ferguson Copywriter Principle and principal are two easily confused words because they sound very similar. Interest is the fee paid to the lender for borrowing money, while the principal is the original amount borrowed, excluding interest. As an adjective, principal. Adjective: The original sum invested or lent. Principals report revenue on a gross. Principle. In the U. As an adjective, it describes something that is the most important or influential. While principal and senior engineers are at the top of their field, principal engineers tend to rank as. The meaning of. While principal is the initial amount you borrow from a lender, interest is the cost of borrowing, reflected as a percentage of the total loan amount per year. The principal is referred to as an individual, an object, an element, or anything that is a major part of the greater whole. Covey outlined the difference between principles and values. TL;DR - "principal balance" is the loan amount without any added interest/fees and "outstanding balance" is the total amount of the loan including interest/fees (so they can be the same if there's no interest). In a situation where an organization was formed via partnership, a principal is usually elected to run the affairs of the organization. Principal, on the other hand, can function as a noun or an adjective. A principle is a basic truth, law, or rule, and can only be used as a noun. Comparatively, the president of a company is not necessarily an owner. ” “Principal” can be used both as a noun and an adjective; “principle” is only a noun. There is more. Principal 17 May 2022 “Principal” is a noun and sometimes an adjective that generally means the main or head person. As a noun, "principal" means a leader, a head, or a sum placed at interest. 19 throughout the duration of the loan. Principal-Agent Relationship: The principal-agent relationship is an arrangement in which one entity legally appoints another to act on its behalf. Principal refers to something or someone of importance, whereas principle refers to a basic truth or law. Main / head person, such as the Principal of a school. Learn the difference between confusing words in English to improve and expand your vocabulary in English. . Remember the elementary school spelling adage: “the Princi pal is your pal ?” Main Difference – Values vs Principles Morals, ethics, values, beliefs, and principles are all factors that govern our character and behavior. Smith is the head principal at Kitten Elementary School. principle is that principal is a noun and an adjective, while principle is only a noun. So when you see a blank that precedes another noun, you can safely assume that the correct word choice is principal and it is acting as an adjective. A principal has a stable salary with a variable bonus. Management of a reporting entity that is an intermediary will need to determine whether the reporting entity has promised to. Principle is also a noun, but it refers to a basic truth, law, assumption, or rule. As nouns the difference between primary and principal is that primary is a primary election; a preliminary election to select a political candidate of a political party. Principle, on the other hand, is a noun meaning “an expected code of conduct. " Please report to the lexicographer's office. In our daily lives, we may come across some words that might seem a little bit confusing. In this instance, you’d put $60,000 down on your loan. They are often responsible for the following duties: 2. Principal Risk. A few examples, How much have you repaid on the principal of your loan? He was the principal in this crime, acting alone. As well as technical strength, core leadership skills such as critical thinking, judgment, listening, empathy, and communication are essential at this level of seniority. This week, we will be learning the principles of. Principal is a synonym of dean. “Principal” can refer to someone who runs a school. Principle: Summary and Conclusion. But principal has other definitions as well. Extra principal-only payments cut down the time it takes to repay your debt and reduce the amount of interest you pay overall. Our principal made it compulsory to follow all school principles. b. In the final payment only $20. the person primarily responsible for an obligation. Agency trading involves a brokerage finding a counterparty to the customer's trade, which can include. In addition, the difference in tipping points is about nine years. Principal can be used as a noun to refer to a person in authority, the perpetrator of a crime, or the capital sum of a loan. You find that your principal has fallen from $100,000 to $99,583. His principle applies to the method of gathering unconscious material. Original principal amount borrowed:The managing principal may take on additional responsibilities, such as developing and leading business initiatives, while the managing partner may become more involved in the organization’s legal affairs. The concept of principal versus agent is not new. Principal (noun) Liam wouldn’t stop bothering other students during class, so his teacher sent him to see the school principal. Let’s break down each word to understand what they mean: Meaning of Principal The principal is referred to as an individual, an object, an element, or anything that is a major part of the greater whole. (Some people remember this meaning using the memory device, “the principal is our pal. This trick can help you keep in mind that the word “principal” is associated with a person. The principal goal of this article is to help you master the difference between two words. Enter the loan's original terms (principal, interest rate, loan term, payment frequency, and regular payment amount) and click on the "Calculate" button. Their uses are often confused since they spell and sound the same. the country's principal cities. Interest is the cost of borrowing the principal. Let's take a look at their differences. It can be described as a rule or idea in relation to behaviour or how something works. Principle vs principal: These two words cause a lot of confusion and it’s well worth spending a few minutes to know the difference between the two. As an adjective, it can be used to signify the first position in order of importance, or in relation to financial investment or lending. You should not steal; It’s a matter of ______. Principle or principal: the definitions; Principle or principal: the. Definition: principle A principle is a kind of rule, belief, or idea that guides you. Is your principal goal for the summer to have fun or to earn some extra money? Continue reading. For example, let’s say that you buy a home for $300,000 with a 20% down payment. It can refer to rules of proper conduct, fundamental doctrines, or other views about right and wrong that govern an individual's conduct. Here are some examples of the word “principle” used correctly in a sentence: Due to her strong moral principles, she couldn’t lie. Use the Principal element in a resource-based JSON policy to specify the principal that is allowed or denied access to a resource. ; Principal refers to a member of the local administration in a school, or the something that is the first order of importance. * Incorrect: He is the principle musician in the band * Correct: He is the principal musician in the band A mnemonic to avoid this confusion is "The principal'' alphabetic. These folks lead deep, complex, or high-risk technical projects. Information is for illustrative purposes only. The primary of Slovak spelling is the phonemic . Here are the main differences between a dean and a principal. So if you haven’t already dropped off your virtual enrollment papers, please report immediately to the office of the person who runs the school. This is because the trader is not taking on any risk and is simply acting as an agent. This is primarily the only reason you would use the word principal in the world of business. σx is the normal stress x component. Honesty is one of the founding principles of our company. In a principal-agent relationship, the agent. Principal Place of Business vs. It can refer to the head of a school, the main actor in a play or movie, or the amount of money borrowed in a loan. Nakia’s principal investment of $5,000 has grown to $8,250. The word “principal” ends with “pal,” whereas the word “principle” ends with “ple. As a principal, you deal with many more negatives than you will positives. " For example, there may be "principal tasks" (adjective use) that an employee must see to before others, and "schools have principals" (noun use). Examples: ‘Principal’ to mean ‘person in authority’ After twenty years of being a teacher, Kelly became the school principal. The principal of the high school led. Both words are commonly used as nouns; however, principal can be used as a noun and an adjective. This principle is also vividly demonstrated among human populations. Just remember that the main difference between principal and principle is: Principal can be used as a noun and adjective, whereas principle can only be used as a noun. "Principal" has a specific meaning in the context of commercial law. . As a noun, it can be used to describe a. In any discussion of values vs. As adjectives the difference between principal and chief is that principal is primary; most important while chief is primary; principal. Principle vs principal: These two words cause a lot of confusion and it’s well worth spending a few minutes to know the difference between the two. A partner or owner of a business. Modified date: Jun. Loan Amount -> $5,000,000. In a principal/agent relationship, the two roles are defined in relationship to each other. - Agency trading usually has lower commissions than principal trading. 72 to principal. The vice-principal completes any tasks assigned by the school principal, which can include but is not limited to: handling student discipline (usually); assisting with faculty meetings and teacher. One of the turrets or pinnacles of waxwork and tapers with which the posts and centre of a funeral hearse were formerly crowned. of the sovereign equality of all members of it. Lastly, as a noun, principal also refers to the original amount of money invested or lent. "Principal" as an adjective means main, chief, leading. This page has example sentences to explain. However, there is an important difference between these words. The word principal is used as a noun or adjective to represent something of. When getting a student loan, check the principle. 43. With fixed-rate mortgages, your monthly payment is. ; Continue reading for. Principal vs. Principle vs. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions. Rates. They hold the client's hand. 3. I hope the answer to those questions is no. Thus, use principal as a noun to refer to important people and as an adjective to signify someone or something important. ) To top Contents principle noun prin· ci· ple ˈprin (t)-s (ə-)pəl -sə-bəl Synonyms of principle 1 a : a comprehensive and fundamental law, doctrine, or assumption b (1) : a rule or code of conduct (2) : habitual devotion to right principles a man of principle c : the laws or facts of nature underlying the working of an artificial device 2 Principal refers to something or someone of importance, whereas principle refers to a basic truth or law. Lastly, as a noun, principal also refers to the original amount of money invested or lent. Adjective: The original sum invested or lent. After closing is completed, you will have to remit one month’s worth of the total annual amount along with every monthly payment toward your mortgage. “Principle” may be defined as a fundamental idea or belief or a rule of conduct. Precepts. The difference between Principal and Principle is Principal is used as a noun, but Principle is used as a noun and adjective. This is known as Henneman's Size . the laws or facts of nature underlying the working of an artificial device. " If you'd like to read more about the correct use of principal and principle, read my posts The Principal Principle and Business Cards & Principals. –For cost and coverage details, contact your Principal representative. Lead consultants usually have a bachelor's degree in business administration or a subject related to their specific consulting field, like IT or accounting. The principal is the amount of the loan itself and the interest is the monthly amount that the lender charges you on top of the principal. Principal risk is virtually non-existent for bank accounts, which are guaranteed by the FDIC up to a certain amount. 09 is spent on interest while $3,013. While principal can be used as a noun and an adjective, principle only functions as a noun. In the first month, you pay $500 toward your mortgage. Princip le means ru le. It is often used as a synonym for the concept of morality, which relates to acceptable conduct or. principal consultant. Principle as a Legal or Moral Rule. ; Principal refers to a member of the local administration in a school, or the something that is the first order of importance. The former includes interest and fees, whereas the latter only indicates that the original loan amount. When you present your credit card you are the subject and the account number is the principal. Also as a noun – it is a term used in Finance and Law referring to the loan amount and the main person responsible for the crime, respectively. Principal is used to. Principal is an adjective and noun that means first or highest in rank or importance, while principle is a noun that refers to a basic truth, law, or rule. ”. principal is commonly searched for online, so just know you aren’t alone in your confusion. 3. At a quick glance, they even look the same which makes their usage even trickier. The same principles of logic apply to all debates. Principal versus Principle – What’s the Gist? Both words can function as nouns, but principal has the added function of an adjective. The word “principal” refers to the head of the. If there are multiple owners or investors, the principal is the person who has the most at stake in the company because they put more money into the organization than anyone else. Principal is both a noun and an adjective. Use principal in reference to a person who is in leadership or to describe the importance of something; use principle to refer to a standard, rule, or guiding belief. Payments towards interest only cover the cost of borrowing, while payments towards principal reduce the actual loan amount. It can also be used as an adjective to mean ‘most important’ or ‘primary’. In business and finance, the principal refers to the owner or investor who provides the initial funds for a venture, such as a startup project. Your mortgage principal is the amount you borrow from a lender to buy your home. As an adjective, it can be used to signify the first position in order of importance, or in relation to financial investment or lending. As a noun, principal generally means main or head person, such as the principal of a school. Principal balance usually has to do with the original loan amount or the remaining principal after re-amortization. Principal vs principle A complete search of the internet has found these results: Principal is the most popular phrase on the web. Superintendents and principals work together to write, review, and enforce policies and procedures. One of the most important ways of remembering the differences between principal vs principle is the last three letters of each of these terms. As a noun, “principal” refers to a controlling authority, such as someone in a leadership position. Principal Principle is a noun. I will not lie. Principal. The words principal and principle are homophones that sound similar but have different spellings, meanings, and usages. She has mentored countless scholars and companies in writing authoritative and engaging content. Examples: ‘Principal’ in a sentence. As you can see from the quiz sets, principle functions solely as a noun and nothing more. You may find it helpful for Common Core Standards for. Principal is the loan amount borrowed, and interest is the additional money that is owed to the lender for borrowing that amount. . It can also be used as an adjective to mean “most important” or “primary. Play this game to review Grammar. May 8, 2023. 1. Principal vs. Principle and principal are pronounced the same but have different meanings. The key difference between principal vs. The principal versus agent guidance in ASC 606 applies to revenue arrangements that involve three or more parties and is applied from the perspective of an intermediary (for example, a reseller) in a multi-party arrangement. Principal trading is when a brokerage completes a customer's trade using their own inventory. Ashleigh Ferguson Copywriter Principle and principal are two easily confused words because they sound very similar. The spelling between the two was not made intentionally. On this page . Attention loan officers, mortgage brokers, real estate agents, and so on; The words “principal” and “principle” are two very different words; They are constantly used. Principal trading is when a brokerage completes a customer's trade using their own inventory. Vanguard vs Principal comparative analysis provides an insight into diversification possibilities from combining Vanguard and Principal into the same portfolio. The first one has ‘pal’ at the end which refers to a friend. A rock tumbler functions on the same principle. Some examples from the web: Venzago's current contract as Principal Conductor is through 2013. Still another type of principal can be a person, or other organization. They may represent human users, automation, applications, connections, etc. 04 ÷ 12 months), the interest portion of the payment is now only $645. Someone with the title of principal has a status of both ownership and authority over the company. Given the varying interest rates, the monthly mortgage payments for a $200,000 30-year fixed-rate mortgage with a 3% and 5% interest rate are $843 and $1,074, respectively. As an adjective, it describes something that is the most important or influential. Word Choice: Principle vs. Principle is unfortunately often confused with principal. principle. the difference between a partner and a principal is that partner is the title given to one who shares in the profits and management of a partnership (or LP or LLP) and a principal is the title given to one who shares in the profi. Principle: The Difference and How to Use Them - QuillBot AI Hannah Skaggs Along with Paige Pfeifer Hannah, a writer and editor since 2017, specializes in clear and concise academic and business writing. 17 May 2022 “Principal” is a noun and sometimes an adjective that generally means the main or head person. It simply means main, first, foremost, or primary as an adjective. Know when to use principle and principal in sentences. The following are some of his writings: 5. the difference between an associate and a principal is the same as the difference between an associate and a partner. Principal offered term life and universal policies. ASU 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net) amends revenue recognition guidance within ASC 606 for these types of transactions. If there are multiple owners or investors, the principal is the person who has the most at stake in the company because they put more money into the organization than anyone else. The word “principal” has two different meanings. "Principal" as an adjective means main, chief, leading. It is how they innately think. is that director is one who directs; the person in charge of managing a department or directorate (e. Re: Priciple and principal: Very recently one of the national papers here made that very mistake on the front page-in the headline, "Principle" was used instead of "Principal" in referring to head of a school. This calculator will help you to determine the principal and interest breakdown on any given debt payment. Principal. PRINCIPLE. After the scandal, she resigned as a matter of principle. In most cases, when addressing the company, the principal partner acts as the main communication point between employees and. principal. Principal can also refer to anyone who is in a leading position. Principle-based accounting is a flexible method with predefined principles used for preparing financial reports. The word principal is an adjective that means “most important” (as in “the principal actor”). It can also be used as an adjective to mean ‘most important’ or ‘primary’. "Principal" has a specific meaning in the context of commercial law. Additionally, principal is often associated with leadership or authority,. Principal and principle are commonly confused words that are pronounced and spelled similarly but carry different meanings. Gilbert is the director and principal of the consulting agency. See moreCompany “Principle” vs. As a noun, it can also mean a capital sum of money or someone who employs an agent to act on his behalf. A complete search of the internet has found these results: Principal is the most popular phrase on the web. Principle and principal are pronounced the same but have different meanings. Since your monthly payment stays the same each month, the lender puts more of your payment toward principal because you don’t owe as much interest. The common mnemonic to remember is that the principal is your pal. A principal is usually the largest—or only—investor or owner of a business. Principal can also refer to anyone who is in a leading position. As a noun, principal generally means main or head person, such as the principal of a school. Insurance issued by Principal Life Insurance Company ®, a member of the Principal Financial Group ®, Des Moines, IA 50392. of chief importance; principal. The line item “Escrow” is the monthly amount. For example: Principal Scott is one of the fairest and most trustworthy advisors in our school. Laws dictate that a lender is allowed to collect, at closing, 2 months’ worth of your estimated yearly insurance payments and property taxes. Here are some examples of the word “principle” used correctly in a sentence: Due to her strong moral principles, she couldn’t lie. As nouns the difference between dean and principal is that dean is a senior official in a college or university, who may be in charge of a division or faculty (for example, the dean of science) or have some other advisory or disciplinary function (for example, the dean of students) while principal is the money originally. Get it corrected in a few minutes by our editors. first in order of importance; main. It is an adjective meaning “main” or “most important” or “primary” so it’s proper to use it to modify a noun like engineer. Noun: The sum of money that. Principle means rule. Principle is a noun meaning a basic truth, quality or law. principles, you’re likely to find confusing explanations that make them sound more similar than they actually are. the difference between a partner and a principal is that partner is the title given to one who shares in the profits and management of a partnership (or LP or LLP) and a principal is. (He has no moral rules or guidelines. It’s most effective if you can pay down the principal early in the loan term because the interest is. In principle definition: If you agree with something in principle , you agree in general terms to the idea of it,. Here are how the roles of principal engineer and architect compare: Education. The principal of your school is your “pal”. For example: The word “principal” has two different meanings. Dean vs. Recommended for you Grammar Rules While principal can be a noun or an adjective, principle is a noun. (In a loan, the principal is the more substantial part of the money, the interest is—or should be—the lesser. As a noun, "principal" means a leader, a head, or a sum placed at interest. Note that principal can be both a noun (as in school or law firm principal) and an adjective. “Principal”—What’s the Difference? Marko Ticak Updated on June 21, 2023 Grammar A. Building confidence can pay off: Overall satisfaction with retirement plan providers is nearly 220 points higher (on a 1,000-point scale) when plan participants are “very confident” in a majority of the 11 areas related to retirement measured in the study vs. Similarly, the word principal is used as either a noun or adjective to modify job titles such as engineer, architect, distributor, account manager, quality manager or other titles. Loan Breakdown Calculator This calculator will help you to determine the principal and interest breakdown on any given payment number. The following seven distinctions can help you mentally separate the two. Principle is a general law or a code of conduct. Principle is only a noun and usually refers to a rule or standard. ; If you don’t have principals/principles, you don’t have anything. habitual devotion to right principles. This is different from the loan interest, which is the cost of borrowing the principal amount. What's riskier, chasing deals as a. Calculator. is called) the amount paid off is still called "principal" but may be lower than the face value (par amount). The loan principal is the amount you borrowed in the loan. That is, first and foremost. A principal is the head of a school or a department. How to Use Principle Principle is a noun that means basic truth, law, rule, or assumption. 67 of your $500 toward interest, while $83. Principle, on the other hand, can only be used as a noun. Ashleigh Ferguson Copywriter Principle and principal are two easily confused words because they sound very similar. A principal engineer is a highly experienced engineer who oversees a variety of projects from start to finish. Principle or principal: the synonyms Principle Could also mean (synonyms): basis, doctrine, foundation, fundamental, proposition, truth. To determine the nature of its promise to the customer, the entity should: Identify the specified goods or services to be provided to the customer; and. As nouns the difference between principal and chief is that principal is the money originally invested or loaned, on which basis interest and returns are calculated while chief is (leader of group. A rock tumbler functions on the same principle. Confused Words: principal vs principle. Kamari played a principal role in the success of the product launch. The retirement balance (potential future value) assumes a 7% annual rate of return on their savings. As a noun, it can also mean a capital sum of money or someone who employs an agent to act on his behalf. Principal means "primary" or "chief" — like the principal of a school — while principle generally refers to a rule, law, or general truth. Salary. For example, if one buys a security for $10 per share, there is a principal risk that it will decline to $8 per share and never recover. Principal, Interest, Taxes, Insurance - PITI: Principal, Interest, Taxes, Insurance (PITI) refers to the components of a mortgage payment. principle. earliest in time or order. In Covey’s view, principles are rules. A principal is the headmaster of a school or a person who’s in charge of certain things in a company. | Meaning, pronunciation, translations and examplesPartner = CPA, Principal = Sales driven, minor in implementation, Managing Director = Implementation driven, minor in sales ( still matters a lot) All that said, as an Associate, you should treat them all the same. This can help you remember that principal also means most important. . ” “Principal” can be used both as a noun and an adjective; “principle” is only a noun. The law of supply and demand is a fundamental economic principle. " It means "chief investigator" or "lead investigator. As you make payments, some may come from principal and some from income, depending on what you, as trustee, decide.