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.
mortgage loan payable. Transactions involving principal interest payments are recorded throughout the accounting period on the balance sheet. If the principal is unpaid at the end of the accounting period, the balance is transferred to the next accounting year. You Also Might Like...