Original Principal Balance

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • initial principal balance

Definition of Original Principal Balance

  1. The amount of money borrowed from a lender.

Related Terms and Acronyms

  • Amortized Loan Definition,
    • A loan that is completely paid off, interest and principal, by a series of regular payments that are equal or nearly equal.
  • Down Payment Definition,
    • The portion of the purchase price a buyer pays, in cash, at the time the loan originates.
  • Principal Definition,
    • The original balance of money lent on an outstanding loan and fees, excluding interest. Also the remaining balance of a loan, excluding interest.
  • Loan Definition,
    • Letting another party use something of value temporarily.
  • Remaining Balance Definition,
    • Unpaid principal on a loan.
  • Principal and Interest (PI, P&I) Acronym,
    • Acronym for the elements of a mortgage payment: principal and interest.
  • Mortgage (mtg) Abbreviation, Important,
    • A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • Interest Rate (IR) Acronym, Very Important,
    • The rate a lender charges an individual to borrow money.
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