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 also used to refer to the original amount of an investment, separate from any earnings or interest accrued. Assume you deposit $5,000 into an interest-bearing savings account, for example.