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.
Principal is gradually paid down according to an amortization schedule, which figures the monthly amount due over a period of 30 years or whatever the term of the loan. On the maturity date, the loan reaches its full term and all outstanding principal is due and payable.