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 wanted to pay off your mortgage balance in full today, how would the outstanding loan balance be calculated? Your monthly mortgage statement will usually show the principal balance outstanding, but this is not the amount due to pay the balance in full. In fact, the statement probably even says that. If you want to pay off the loan in full, you have to call your lender and request an actual payoff amount.