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 transfer your balance to a 0% APR card, you can avoid paying that $500 in interest. Not only that, but since your entire $250 payment will go toward paying off your principal each month, you could be done in 10 months instead of 12 months.any credit cards will allow you to transfer a balance and then charge you no interest on the balance for set period of time, usually between six months and 18 months. A balance transfer can save you money because you aren't paying regular interest charges.