Loan Balance

  • 3 Posts
  • 1 Sections
  • 1 Types
January 1, 1 5 min read Definitions
Balance
Balance Loan Balance Account Balance Principal Balance Finance Real Estate Banking Savings
The remaining amount after subtracting relevant values, such as the outstanding principal on a loan or the remaining funds in an account.
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January 1, 1 6 min read Definitions
Hangout
Hangout Loan Balance Lease Term Real Estate Financing Property Valuation Loan Term Lease Financing
The remaining balance of a loan when the term of the loan exceeds the term of a lease.
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January 1, 1 6 min read Definitions
Payoff Amount
Payoff Amount Mortgage Payoff Loan Balance Prepayment Penalty Closing Lien Release Real Estate
The payoff amount represents the total remaining balance on a loan, inclusive of any prepayment penalties, that must be paid upon settlement to release a lien and transfer the title of the property.
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