Remaining principal balance


Also found in: Acronyms.

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 ?
The underlying transaction is backed by a pool of 154 multifamily and commercial mortgage loans and has a remaining principal balance of approximately $3.
The underlying transaction is backed by a pool of are backed by a pool of 240 multifamily and commercial mortgage loans and has a remaining principal balance of approximately $7.
The underlying transaction is backed by a pool of 122 multifamily and commercial mortgage loans and has a remaining principal balance of approximately $1.
The remaining principal balance is due upon the earlier of September 30, 2005 or an early payment triggering event, as defined in the stock purchase agreement.
3 million (to $13 million) and amortizes the remaining principal balance over fifteen years.
CSMC 2007-C1 is currently backed by a pool of 242 multifamily and commercial loans with an aggregate remaining principal balance of $3.
to make a repayment of principal on the 10% convertible note, at which time, the investor will exchange the remaining principal balance of the note.
6%, and is interest-only during the first two years, and then amortizes during the last eight years based on a 28-year amortization schedule, with the remaining principal balance due on February 1, 2012.
Cornell's recent public offering of its common stock allowed it to repay the remaining principal balance outstanding on the senior subordinated notes, along with accrued interest and prepayment fees and American Capital sold its remaining warrant position.
7 million of the outstanding principal owed on the senior secured convertible notes (with the remaining principal balance of the senior secured notes to be converted to common stock at closing) and for general corporate purposes.
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.