unpaid principal balance
The amount of principal owed on a loan. On the typical mortgage loan, a portion of the monthly payment is applied to interest and principal.
BASE PRINCIPAL BALANCE - The original mortgage amount adjusted for subsequent fundings and principal pa...
BASE PROBABILITY OF LOSS - The probability of not achieving a portfolio expected return. Related: Value...
Remaining principal balance
The amount of principal dollars remaining to be paid under the mortgage as of a given point in time.
Principal Balance - The remaining balance due on a debt, exclusive of accrued interest.
Principal Balance : The balance of the amount of the loan that is outstanding.
Principal Balance
The outstanding balance of principal on a mortgage. The principal balance does not include interest or any other charges.
Principal Balance:
The outstanding balance on a loan, excluding interest and fees.
Private Mortgage Insurance (PMI): ...
Unpaid Principal Balance (mortgage and asset-based banking)
Principal Warfare Officer (Above Water)
Asbestos Licensing Principal Inspector (UK) ...
Original Principal Balance
The amount borrowed by any borrower is called the original principal balance.
Owner Financing ...
Original Principal Balance: the total principal owed on a mortgage prior to any payments being made.
Original Principal Balance
The amount of money borrowed from a lender.
Ordinary Income
Income that does not qualify as a capital gain including wages, interest, dividends, and net income from a business.
The outstanding principal balance divided by the original principal balance with the result
expressed as a decimal. Pool factors are published monthly by the Bond Buyer newspaper for Ginnie Mae, ...
F.I.R. times the principal balance, divided by 12 months (with no amortization or reduction in the owed balance).
Minimum Payment ...
An increase in the principal balance of a loan caused by making payments that fail to cover the interest due. The remaining amount of interest owed is added to the loan's principal, which ultimately causes the borrower to owe more money.
Pool factor The outstanding principal balance divided by the original principal balance with the result expressed as a decimal.
PSA A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages.
Negative amortization A loan repayment schedule in which the outstanding principal balance of the loan increases, rather than amortizing, because the scheduled monthly payments do not cover the full amount required to amortize the loan.
remaining principal balance "The amount of principal which, as of a given date, has not yet been paid on a mortgage.",, remargining Payment of additional cash or securities to meet minimum maintenance requirements in a margin account.
Remaining maturity The length of time remaining until a bond comes due Remaining principal balance The amount of principal dollars remaining to be paid under a mortgage as of a given time.
The payment of a loan by periodic payments of principal and interest, resulting in a declining principal balance and eventual repayment in full. This form of debt repayment is level payment amortization .
A jumbo loan is a mortgage with a principal balance that exceeds the lending limitations established by Freddie Mac and Fannie Mae, the purchasers and guarantors of the secondary mortgage market.
Third, the payment on an amortized mortgage loan remains the same for the entire loan term, regardless of Principal balance owed. For example, the payment on the above scenario will remain $733.
The practice of adding unpaid interest charges to the principal balance of an educational loan, thereby increasing the size of the loan. Interest is then charged on the new balance, including both the unpaid principal and the accrued interest.
An additional principal payment made towards the principal balance of a loan. This can enable the borrower's future interest payments to be reduced.
Any amount paid to reduce the principal balance of a loan before the due date. Payment in full on a mortgage that may result from a sale of the property, the owner's decision to pay off the loan in full, or a foreclosure.
The principal balance (sometimes called the outstanding or unpaid principal balance) is the amount owed on the loan at any given time. It is the original loan amount minus the total repayments of principal you have made to date.
A loan repayment schedule whereby the outstanding principal balance increases, rather than being amortized, because the scheduled periodic payments do not cover the full amount required to amortize the loan.
Definition: [crh] The Bond Market Trade Association's Mortgaged Asset-Backed Securities Division's prepayment model based on an assumed rate of prepayment each month of the then unpDefinition: aid principal balance of a pool of mortgages.
The process of adding unpaid interest to the principal balance of an educational loan, thereby increasing the total amount to be repaid.
Citizen/Eligible Noncitizen
You must be one of the following to receive federal student aid: ...
Wraparound loan - A method of refinancing in which an existing first mortgage is placed in a secondary, or subordinate, position by a new mortgage which includes both the unpaid principal balance of the previous, ...
Compound Interest
Interest that is calculated not only on the principal balance in the account, but also on the accumulated interest. The more frequently interest is compounded, the higher the effective yield.
For example, a mortgage loan note states the principal balance, the interest rate, the discount points, a payment schedule and due date, and any potential penalties for violating the repayment terms.
Simple Interest. Interest that is computed solely on the principal balance, ignoring previously accrued interest not paid.
Soft Money Loan. Financing, often by the seller of a property, where only credit, not cash is provided.
If you had such a mortgage and you refinanced it after that date, the new mortgage is treated as grandfathered debt to the extent of the principal balance remaining on the pre-October 13, 1987 loan.
Capitalization - The process of adding unpaid interest to the principal balance of an educational loan, increasing the size of the loan that must be repaid.
The length of time remaining until a bond comes due
Remaining principal balance
The amount of principal dollars remaining to be paid under a mortgage as of a given time.
Remargining ...
Z bond
A bond on which interest accrues but is not currently paid to the investor but rather is added to the principal balance of the Z bond and becoming payable upon satisfaction of all prior bond classes.
Making additional unscheduled payments reduces the principal balance of the loan, meaning that more principal and less interest is paid off in subsequent payments. Making accelerated payments will lead to the early pay-off of a loan.
The SMM is simply the amount of prepaid principal in a given month expressed as a percentage of the principal balance at the beginning of the month.
Also known as an accrual bond or accretion bond; a bond on which interest accrues interest but is not paid currently to the investor but rather is accrued, with accrual added to the principal balance of the Z and becoming payable upon satisfaction of ...
Capitalized Interest: During the pre-completion period, a project company can borrow to repay current interest obligations. By capitalizing interest, the principal balance outstanding increases by an amount equal to the interest due.
Interest is to be computed on the declining principal balance at 10 percent. Art claimed total water depletion of $25,000 for 1989 and 1990.
payments are often insufficient to amortize the principal. Therefore with the passage of time the payment schedule is stepped-up to paydown the early negative amortization, service the interest requirement, and paydown the total principal balance.
be higher than the level-pay amortization of a level-pay mortgage originated at the same time. The difference between what the borrower actually pays and the amount required to fully amortize the mortgage is added to the unpaid principal balance.
compounding The process of interest being earned (daily, monthly, quarterly, semiannually, or annually) on both a principal balance and previously earned interest that has been reinvested.
The difference between what the borrower actually pays and the amount required to fully amortize the mortgage is added to the unpaid principal balance. Graham-Harvey Measure 1 Performance measure invented by John Graham and Campbell Harvey.
This includes the entire unpaid principal balance, including both the past due and future installments, but not accrued interest. It also includes loans that have been restructured or rescheduled.
[FDIC] beneficiary statement The statement of a lender that shows the remaining principal balance and other information about a loan. It is usually obtained when a property owner wants to sell or refinance.
 See also: Expense, Banks, Funding, Refunding, Values
  
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