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principal 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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Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
The real estate secured pool consists of 40 loans having a current aggregate unpaid principal balance of approximately $3.
However, in constructing a debt payment schedule, many financial institutions do not employ the unpaid principal balance approach.
While the defendant mortgage company did not contest the Regulation Z violations, the mortgage company refused to void its security interest in the plaintiffs' home until the plaintiffs returned the outstanding principal balance on the loan.
 
 
 
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