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If you do not consent to electronic delivery, Principal Funds will take reasonable steps to send physical mailings within 7 days after mail delivery services resume in your country of residence. Principal also means the initial sum of money that is lent or invested in something, and on this amount, an interest is paid after maturity. In the case of a bank that takes an instrument for processing for collection or payment by automated means, reasonable commercial standards do not require. To avoid undue delay in receipt of these documents, we encourage all shareholders who live in impacted countries to opt-in to electronic delivery, either temporarily or permanently, to avoid further delays as a result of mail delivery restrictions. The first EMI has the highest interest component and the. These restrictions may impact Principal Funds’ ability to timely deliver certain documents, including account statements, trade confirmations, tax reporting documents, prospectuses, annual reports, semi-annual reports, proxy statements and other shareholder communications. The EMI is used to pay off both the principal and interest components of an outstanding loan. (2) One who is primarily liable for an obligation, as opposed to a surety,who is secondarily liable. A large payment due at the maturity of the loan the principle amount and interest on a loan repaid in one lump sum interest payment may be withheld until the. Pursuant to the Security and Exchange Commission’s (SEC) Staff Statement Regarding Temporary International Mail Service Suspensions to Certain Jurisdictions Related to the COVID-19 Pandemic, dated June 24, 2020, Principal Funds mailings to shareholders in the international jurisdictions impacted by the mail suspensions will be delayed. principal (1) One who has permitted or instructed anothercalled an agentto act on his or her behalf and according to his or her instructions. Bank Service Companies, the term principal investor means the insured depository institution that has the largest dollar amount invested in the equity of a bank service company. Temporary International Mail Service Disruptions to Certain Countries Due to the COVID-19 Pandemicĭue to COVID-19 and its impact on the current environment, the United States Postal Service (USPS) has temporarily suspended international mail service to the foreign countries listed on their website. Principal Investor Banks & Banking Law and Legal Definition.