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.
References in periodicals archive ?
3 million remaining principal outstanding on the class D notes has been written off.
The outstanding term loans under the existing credit agreement, which had a remaining principal balance of USD600m and was to mature on 30 March 2017, have been fully repaid with borrowings under the revolving loan, the company said.
In year 11, TWC will have the option to retire the remaining principal or to refinance it at prevailing interest rates.
5% of the initial outstanding principal during a six-quarter period beginning with the quarter ending December 31, 2014, quarterly payments of 10% of the initial outstanding principal during the subsequent four-quarter period and the remaining principal amount at maturity.
Eight candidates will compete on four remaining principal posts that include the secretary-general, the deputy chairman for group work, deputy chairman for planning and development and secretary of popular work.
10 percent of the aggregate remaining principal amount of the 13.
After ten years, the borrower must continue their original payment plan to pay off the remaining principal.
He said that the government has planned to provide 20 percent financial assistance to meet the mandatory requirement of Rs 6 billion for establishing MRC, while 35 to 40 percent capital is being expected to inject by the World Bank and the International Finance Corporation (IFC) and the remaining principal amount would be managed by eight commercial banks.
The mortgage had a remaining principal of about $3.
3m interest bearing note which is due June 30th, 2009, with a possibility of converting a part of the remaining principal into common equity.
The remaining principal balance of $593 million is due in June 2009.
Borrower repayments generally would be limited to 15 percent of discretionary income, with forgiveness of any remaining principal after 25 years.