Outstanding balance
The amount of a debt that remains unpaid at a given date, including any applicable interest or charges.
Related terms
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Principal
The original amount borrowed or the capital balance outstanding, excluding interest and most charges.
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Credit agreement
A contract setting out the terms on which credit is provided, including repayment, interest, charges and any security.
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Loan term
The period over which a loan is scheduled to remain outstanding before final repayment.
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