On a loan, for example?
2006-10-04 19:34:01 · 11 answers · asked by Snickles 2 in Business & Finance ➔ Other - Business & Finance
P.S. is it the total amount that one owes?
2006-10-04 19:41:18 · update #1
That is the amount you still owe on the borrowed amount. If the original loan was 50K and you paid it down by 10K, the outstanding principal would be 40K. Note that this doesn't count money you paid towards the interest.
Another way of thinking of it is what you'd have to pay now to pay off the entire loan, (assuming no prepayment penalties and no unpaid, but owed interest.)
P.S. It is the total you owe, unless you also own interest. For example, if you took out a loan from a loan shark, you'd have to pay both the outstanding principal (the original amount if you've made no payments), plus some outrageous interest.
2006-10-04 19:42:23 · answer #1 · answered by Thomas C 3 · 2⤊ 0⤋
What Does Principal Mean
2016-12-12 09:15:44 · answer #2 · answered by ? 4 · 0⤊ 1⤋
Principal Def
2016-09-28 03:37:44 · answer #3 · answered by armand 4 · 0⤊ 1⤋
This Site Might Help You.
RE:
What does "outstanding principal" mean?
On a loan, for example?
2015-08-12 21:16:08 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Outstanding principal means unpaid loan amount. Usually it uses in Loan statement. Any loan amount bears interest. In a financial statement or referring this loan outstanding amount, original loan amount termed as Principal outstanding and interest outstanding amount shows separately.
Loan amount shows in the balance sheet at liability side and interest amount shows as revenue expenses in profit and loss account. Accrued interest that is unpaid interest amount also shows at balance sheet as current liability.
2006-10-04 19:56:07 · answer #5 · answered by Zia 3 · 1⤊ 0⤋
A prinicipal amount which never gets reduced and stays there throught ur life despite ur monthly payments in Credit Card terminolgy. Want to take loan Never take it thru Credit card. For others it is prinicipal and on that interest is calculated and also get reduced over a period of length of the credit.
2006-10-04 19:37:11 · answer #6 · answered by Loganathan R 2 · 0⤊ 1⤋
It's the amount owed not including the interest. Say you take out a $10,000 loan, you will end up paying I dunno, $18,000 once interest is added in, so the principal is that original $10 grand.
2006-10-04 19:44:20 · answer #7 · answered by Anonymous · 0⤊ 0⤋
a school principal, standing out in the rain
2006-10-04 19:36:22 · answer #8 · answered by indike111 4 · 2⤊ 1⤋
stuck up principal
2006-10-04 19:36:42 · answer #9 · answered by jv637 5 · 0⤊ 1⤋
It's the remaining balance that one owes on a loan or credit.....
2006-10-04 19:39:22 · answer #10 · answered by Anonymous · 0⤊ 0⤋