Remaining principal balance

(redirected from Remaining Principal Balances)

Remaining principal balance

The amount of principal dollars remaining to be paid under a mortgage as of a given time.

Remaining Principal Balance

The amount of the principal of a loan that a borrower has not repaid. For example, suppose a person borrows $1,000 for a year and repays an equal amount of principal every month in addition to the interest payment. After six months, the remaining principal balance is $500. It should be noted, however, that not all loans have the same amount of principal repayment every month. The remaining principal balance is particularly important in mortgages. See also: Amortization.
References in periodicals archive ?
Approximately 165 nonaccrual loans with remaining principal balances of $15.
There might be additional burden to institutions from having to comply with two sets of federal requirements on disclosing the remaining principal balances that apply to different categories of loans.
Ginnie Mae's RFS is a new system being implemented under Ginnie Mae's Business Process Improvement (BPI) initiative to streamline processes for reporting remaining principal balances, pool accounting data and loan level data on a monthly basis.
Approximately 77 nonaccrual loans with remaining principal balances of $8.
On April 19, 2005, Charles River will pay all remaining principal balances that have not been previously converted into common stock, plus the applicable 0.
PRIMUS Telecommunications Group, Incorporated (Nasdaq:PRTL), a global telecommunications services provider offering an integrated portfolio of voice, data, Internet and hosting services, today announced that it has satisfied and discharged the entire remaining principal balances of $46.