Litigation

In our continuing series about malaprops of  those who are purveyors of financial advice, Doug Quinn, a representative of AXA Advisors, LLC Settlement Planning Group in New York City who markets structured settlements, makes a statement that "money invested in the annuity (principle) is not readily available for the clients use (not liquid)".

Comments:
Principle
a comprehensive and fundamental law, doctrine, or assumption b (1): a rule or code of conduct (2):  an underlying faculty or endowment <such principles of human nature as greed and curiosity> b: an ingredient (as a chemical) that exhibits or imparts a characteristic quality  Source: Merriam-Webster Online Dictionary. 2008.

Principal
1 : most important, consequential, or influential : chief <the principal ingredient> <the region's principal city> 2 : of, relating to, or constituting principal or a principal Source: Merriam-Webster Online Dictionary. 2008.

Principle is an abstract noun; principal is both adjective and noun.

With respect to the statement on annuity  liquidity, I'm sure the "cash now pushers" and their funders would disagree, particularly "scratch off" factoring company Patriot Settlement Resources

Structured settlements may be funded with two types of "qualified funding assets". In addition to structured settlement annuities, they may be funded with obligations of the United States government. [see IRC 130(d)]

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