Cambodian definition, of, relating to, or characteristic of Cambodia, its people, or its culture. See more.
Outstanding Principal Balance The outstanding principal balance of a mortgage is simply the total amount of money it would take to pay off the loan in full. How much this amount is depends on how much was originally borrowed, how much has been paid down, and what the annual interest rate is.
The quote will include your outstanding principal balance, accrued interest, late charges/fees and any other amounts. Since interest accrues daily, your payoff amount will most likely be different than the principal balance shown on your monthly statement or at chase.com.