Remaining principal balance

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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.
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Release date- 30082019 - Braingrid Limited (CSE: BGRD) ('Braingrid' or the 'Company'), a global provider of cultivation analytics using its affordable, scalable and easy-to-deploy sensor platforms for precision agriculture, announced today that further to its press releases dated June 18, 2019, August 8, 2019 and August 22, 2019, European HighGrowthOpportunities Securitization Fund (the 'Fund'), advised by Alpha Blue Ocean Inc., has converted $160,000 of its $530,000 remaining principal amount of senior unsecured convertible debentures into 2,000,000 common shares of the Company (each a 'Share') at an effective price of $0.08 per Share.
- August 30, 2019) - Braingrid Limited (CSE: BGRD) ("Braingrid" or the "Company"), a global provider of cultivation analytics using its affordable, scalable and easy-to-deploy sensor platforms for precision agriculture, announced today that further to its press releases dated June 18, 2019, August 8, 2019 and August 22, 2019, European High Growth Opportunities Securitization Fund (the "Fund"), advised by Alpha Blue Ocean Inc., has converted $160,000 of its $530,000 remaining principal amount of senior unsecured convertible debentures into 2,000,000 common shares of the Company (each a "Share") at an effective price of $0.08 per Share.
The amount of interest charged each month is based on the remaining principal owed.
Ironwood currently expects to settle the remaining principal amount of the existing convertible notes in cash at maturity.
iPic expected to draw down a "substantial portion" of the remaining principal balance of the credit facility to make the interest payment.
The company's outstanding debt to KWAP stood at RM4.15 billion as of May 2019 which constituted the remaining principal payment including outstanding interests.
Proceeds of the sale are expected to be used to reduce the remaining principal amount of the company's senior secured term loan.
Before this period, the government would deduct one per cent of the dollar value invested in certificates while the remaining principal would be deposited in any foreign currency account in Pakistan or abroad.
Broken down, its remaining principal debt is P246.73 billion, while the remaining obligations under PSALM's Independent Power Producer contracts amount to P202.7 billion.
The company said the interest will accrue at a rate of 7.25% on remaining principal balance and will be paid quarterly with principle amounts due.
But how one can know the remaining principal balance before computing a period's interest expense and principal payment?