Brownsville. Brownsville (cob.us) is one of the most southern cities in Texas, just north of the Mexican border. The city acts as the gateway to Padre Island, a national park, and to the Gulf of Mexico.
In business, a principal is a person with primary authority and responsibility to make decisions. The principal is often an owner, operator, partner or high-ranking manager.rincipal-Agent Examples. In a real estate office, a broker is a principal, and other agents act on his behalf in the office. If an agent acts illegally, the office and principal broker face potential liability.
Principal has a specific meaning in the context of commercial law. From Wikipedia : a principal is a person legal or naturalâwho authorizes an agent to act to create one or more legal relationships with a third party. Effectively, this means that the principal is the business.In the case of a corporation, say General Electric, the principal is General Electric itself, while Jack Welch was one of its agents during the 80s and 90s. partner or owner of a business. This is primarily the only reason you would use the word principal in the world of business. In Business terms, Principal has one meaning, you would be a part of a company with a financial interest in that company.