loans - 'principal balance' vs 'outstanding balance' - Personal …
https://money.stackexchange.com/questions/121871/principal-balance-vs-outstanding-balance
WebMar 20, 2020 · 1. Is 'principal balance' same as 'Outstanding Balance'? My understanding is - In amortisation schedule, Outstanding balance gets reduced according to 'principal' portion of your monthly payment. After 6 months of origination, if someone ask you what's the principal balance, it means he/she is referring to 'Outstanding Balance'.
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