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.
I had a credit card with a high balcnce of 12,158.0 with an apr of 1999 %. the credit company will not reduce by interest rate. My payment is 250.00 which only $21.00 is applied to principal. It would take me 50 years to payoff this balance.