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principal balance
(redirected from Principle balance)

   Also found in: Wikipedia 0.01 sec.
principal balance

That portion of the original loan amount which remains unpaid. It does not include accrued interest or fees.



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This new figure, which is called your target payment, will be achieved by changing the interest rate on your loan, extending the life of your loan up to 40 years or forgiving a portion of your principle balance.
In doing this more of your payment will go toward your principle balance allowing you to make a bigger dent in any debt you are carrying.
Endowed chair programs are funded from the interest earned on the principle balance.
 
 
 
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