principal balance

collocation in English

meaningsofprincipalandbalance

These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withbalance.
principal
adjective[before noun]
uk
/ˈprɪn.sə.pəl/us
/ˈprɪn.sə.pəl/
first in order ...
See more atprincipal
balance
noun
uk
/ˈbæl.əns/us
/ˈbæl.əns/
a state where things are of equal weight ...
See more atbalance

(Definition ofprincipalandbalancefrom theCambridge English Dictionary© Cambridge University Press)

Examplesofprincipal balance

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
The unpaid accrued interest is then capitalized monthly into the outstandingprincipalbalance.
From
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The judgment of $1.11 million included the initialprincipalbalance, interest accrued, fees, overdrawn accounts, and legal fees.
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Amortized mortgage loans automatically pay a portion of each monthly payment to theprincipalbalance, with the rest being paid as interest.
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A portion of each payment is for interest while the remaining amount is applied towards theprincipalbalance.
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These mortgages allow the borrower to make payments that simply meet the interest due on the loan without making any contribution to theprincipalbalance.
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Moreover, the next month's interest-only payment will be calculated using the new, higherprincipalbalance.
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The major variables include loanprincipalbalance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount.
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Then take the difference between this net present value and the actual unpaidprincipalbalance.
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It is expressed as a factor of one that is used to indicate the remainingprincipalbalance.
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The new payment after an adjustment will be calculated on the currentprincipalbalanceat the time of the adjustment.
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After this time, theprincipalbalanceis amortized for the remaining term.
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Therefore, the interest that is not paid is subsequently added to theprincipalbalanceof the loan.
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In this example lets say the loan is assumed after 3 years (36 months) and that the unpaidprincipalbalancewill have reduced to $94,499.
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An amortization schedule reveals the specific monetary amount put towards interest, as well as the specific amount put towards theprincipalbalance, with each payment.
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The recastprincipalbalancecap (also known as the neg am limit) is usually up to a 25% increase of the amortized loan balance over the original loan amount.
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As money comes in from the debtor to the creditor, it is first applied to satisfy any additional costs and interest, and only then, theprincipalbalanceof the judgment.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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