Usually means: Original loan amount still owed.
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We found 8 dictionaries that define the word principal balance:

General (2 matching dictionaries)
  1. principal balance: Dictionary.com
  2. Principal balance: Wikipedia, the Free Encyclopedia

Business (6 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Real Estate and Mortgage Glossary (No longer online)
  4. principal balance: Financial dictionary
  5. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (Principal balance)

noun:  The principal balance, in regard to a mortgage, loan, or other debt financial contractual agreements, is the amount due and owed to satisfy the payoff of an underlying obligation.

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