A principal in the lead (5)
I believe the answer is:
ahead
'in the lead' is the definition.
(synonyms)
'a principal' 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" , "Winning" , "What's down the road" , "Forwards" , "In front as in race" .)