Cambodian definition, of, relating to, or characteristic of Cambodia, its people, or its culture. See more.
Outstanding Principal Balance The outstanding principal balance of a mortgage is simply the total amount of money it would take to pay off the loan in full. How much this amount is depends on how much was originally borrowed, how much has been paid down, and what the annual interest rate is.
You can think of the payoff amount as a more current balance number. But if you are trying to eliminate a debt, you need to pay it all off. And if you just pay the current balance according to your statement, you may be left with a few cents or dollars left in the account.