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.
If you have a $2,000 outstanding balance on a credit card, and you pay only the monthly minimum, it will take you 32 years to pay off that $2,000. You will have paid the enormous sum of $10,000 to buy something that cost $2,000. Financial choices and predicaments are always symptomatic of other issues.