Cambodian definition, of, relating to, or characteristic of Cambodia, its people, or its culture. See more.
Outstanding Principal Balance The outstanding principal balance of a mortgage is simply the total amount of money it would take to pay off the loan in full. How much this amount is depends on how much was originally borrowed, how much has been paid down, and what the annual interest rate is.
1 If you donât clear your balance at the end of each month youâll have to pay interest on your outstanding balance. 2  Beware the debt spiral. 3  Miss just one payment and the interest will start to add up. 4  Unless you pay off whatâs owed each month, you can quickly spiral into debt if you continue spending on your card.atch out for interest rates. If you donât pay off your credit card balance at the end of the month itâs likely youâll pay interest on what you owe on the whole of the statement balance. New customers beware! You may get an especially low introductory interest rate when you first get the card.