Principal balance
id:
principal-balance-291-9836674
title:
Principal balance
text:
The principal balance, in regard to a mortgage, loan, or other instrument of debt, is the amount due and owed to satisfy the payoff of an underlying obligation. It is distinct from, and does not include, interest or other charges. Amortized mortgage loans automatically pay a portion of each monthly payment to the principal balance, with the rest being paid as interest. An interest-only loan doesn't require any money to be paid toward the principal balance each month, but such payment is allowabl
brand slug:
wiki
category slug:
encyclopedia
description:
Amount due and owed to satisfy the payoff of an underlying debt
original url:
https://en.wikipedia.org/wiki/Principal_balance
date created:
date modified:
2023-03-26T17:35:21Z
main entity:
{"identifier":"Q7245076","url":"https://www.wikidata.org/entity/Q7245076"}
image:
fields total:
13
integrity:
14