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.
Remember, thatâs just the interest. Youâll still owe the principal amount of $1,000. A Lose-Lose Situation. If youâre already struggling to stay on top of your bills, itâs pretty unlikely that youâre going to find an extra $1,250 lying around in the next few weeks to pay off your title loan.