principal balance
Definition
Amount of loan remaining unpaid, not including interest and other charges.
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principal balance is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
principal balance appears in the definitions of the following terms:
amortized loan,
estoppel certificate,
amortization schedule,
direct reduction mortgage (DRM),
add-on loan,
negative amortization,
beneficiary statement,
level payment amortization,
price level adjusted mortgage (PLAM),
capitalization of interest
and
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