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Principal contract

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PRINCIPAL CONTRACT. One entered into by both parties, on their own accounts, or in the several qualities they assume. It differs from an accessory contract. (q.v.) Vide Contract.



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The principal contract engineer said: "It costs pounds 1.
The renegotiation of prices on Manifa is particularly controversial, as the principal contracts on the scheme have already been signed: Italy's Snamprogetti, Japan's JGC Corporation and Spain's TR were awarded the three main packages in mid-2008.
For example, many interest rate swaps that taxpayers do not identify as hedges qualify as notional principal contracts (NPCs) (see Regs.
 
 
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