What context can I use each word in?
Learn when and how to use these words with these examples!
contractee
Example
The contractee agreed to the terms and signed the contract. [contractee: noun]
Example
The contractee is responsible for paying the contractor for the work done. [contractee: noun]
Example
The contractee must fulfill their obligations as stated in the contract. [contractee: noun]
principal
Example
The principal hired a real estate agent to sell their property. [principal: noun]
Example
The principal in the merger negotiations was the larger company. [principal: noun]
Example
The loan principal was $10,000, and the interest rate was 5%. [principal: noun]
Good things to know
Which word is more common?
Principal is more commonly used than contractee in everyday language, as it has a broader range of applications in both legal and financial contexts.
What’s the difference in the tone of formality between contractee and principal?
Both contractee and principal are formal words used in legal and financial contexts. However, contractee is more specific to legal contexts, while principal is more versatile and can be used in both formal and informal contexts.
