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.
Assuming there was no transaction after 29, it would be unfair to the bank if they had to consider $300 as the Principal for calculating interest. And that is true as $300 were not always present in the account. Let's now calculate Average Daily Available Balance for the above account.