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.
This way, you can pay off the debt without paying interest.. Of course, this is only true if you pay off your balance before the zero percent introductory APR period expires. If your credit score isn't high enough to qualify, though, a personal loan may be a good option.