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.
Definitions (6). 1. The amount borrowed, or the part of the amount borrowed which remains unpaid (excluding interest). here also called principal amount. 2. The part of a monthly payment that reduces the outstanding balance of a mortgage. 3. The original investment. 4. The entity on whose behalf an agent acts.