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.
The Set-up. â¢ When a loan is an amortized loan, each payment is understood to. consist of: 1. the interest due on the outstanding loan balance; 2. the rest of the payment which goes towards reducing the outstanding. loan balance and which is referred to as the principal payment. â¢ The chart (table) containing the payment amount, interest paid in.