principal balance


The outstanding balance of principal on a mortgage, which does not include interest or other charges.

Use principal balance in a sentence

The remaining principal balance on my home is $137,000 after I purchased the house a few years ago for $145,000.

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I wanted to determine the principal balance and that was something I needed to figure out for the future of our company.

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The lawyers realized that if they made some extra payments to bring down the principal balance on their mortgage, they could finish paying for their office space five years earlier than planned.

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