Examlex
The term ___________ is an unmarked form in English.
Principal Balance
The outstanding amount of a loan or mortgage that remains to be paid, excluding interest.
Mortgage Note Payable
A liability in the form of a written promise to repay a specified amount of money, along with interest, secured by a mortgage on property.
Loan Principal
The original sum of money borrowed in a loan agreement, excluding interest, that must be repaid or serviced.
Interest
Interest is the cost paid for borrowing money, typically expressed as an annual percentage of the principal amount, distinct from interest charged to specific loans.
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