A principal's further on (5)
I believe the answer is:
ahead
'further on' is the definition.
(I've seen this before)
'a principal's' is the wordplay.
'principal' becomes 'head' (synonyms).
'a'+'head'='AHEAD'
(Other definitions for ahead that I've seen before include "In the lead, in advance" , "in van" , "In the vanguard" , "likely to win?" , "In front as in race" .)