what does principal cash balance means
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- Outstanding Principal Balance. The outstanding loan 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.
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principal limit The maximum lifetime amount an elderly borrower can take out on a reverse mortgage.Calculation of the principal limit is a formula that uses the age of the youngest borrower,the maximum claim amount (the lesser of the house's appraised value or the FHA's maximum loan amount for houses in the area),and the expected average mortgage interest rate.
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- Outstanding principal balance: Add together the amount of the outstanding balance on the existing FHA-insured first lien, closing costs, prepaid expenses, and then subtract any refund of the UFMIP and add the new UFMIP.
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What is an 'Account Balance' DEFINITION of 'Account Balance'. 1. The amount of money in a financial repository, such as a checking account, at any given moment. 2. The total amount of money owed to a third party such as a credit card company, utility company, mortgage banker or other type of lender or creditor. The account balance will always be the net amount after factoring in all debits and credits.
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What does the title of principal of a company mean? exists and is an alternate of. Merge this question into. Split and merge into it. Answer by Christopher D. Confidence votes 5. In business, a principal is a person with primary authority and responsibility to make decisions. The principal is often an owner, operator, partner or high-ranking manager.In a principal-agent relationship, the principal also directs the actions of an agent who carries out activities for the organization.xists and is an alternate of. Merge this question into. Split and merge into it. Answer by Christopher D. Confidence votes 5. In business, a principal is a person with primary authority and responsibility to make decisions. The principal is often an owner, operator, partner or high-ranking manager.
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DFAS - Supervisory Contact Representative Accounts Payable GS-8 Resume Example Supervisory Contact Representative Accounts Payable GS-8 Jun 2016 to Current DFAS － Indianapolis, IN. Manage, coach, and develop 8 contact representatives (CRs) and two leads. Clearly and effectively communicate to employees the DFAS Vision, Strategy and BSC targets.
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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. 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.
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balance Definitions (2). 1. The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called account balance. 2. The amount remaining to be paid toward an obligation. For example, a homeowner who has paid down $25,000 of a $100,000 mortgage has a principal balance of $75,000.
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cash balance noun. a balance that represents cash alone, as distinct from a balance that includes money owed but as yet unpaid. “ I was recently looking over the books for our business and I noticed we have a cash balance of $100.00.
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Principal Financial Group The Principal Financial Group (Principal) offers businesses individuals and institutional clients a wide range of financial products and services including retirement, asset management and insurance, through its diverse family of financial services companies.
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principal balance The principal balance was a lot lower than I thought and I was very relieved that it was not too high for me. 7 people found this helpful. You must always be aware of how to figure out your principal balance quickly to budget for what you need. 5 people found this helpful. Jason was grateful for the inheritance his grandmother had left him, and immediately called the payoff department for his car loan to check what the principal balance was. 8 people found this helpful.
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What is a Vested Balance? What is a Vested Balance? Your vested balance is the portion of your 401k account that you are currently entitled to. The funds that you contribute to your 401k retirement account from your pre-tax earnings are considered part of your vested balance.
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outstanding balance outstanding balance. The amount owed on a debt, as of a particular date. Title companies will obtain an outstanding balance for liens on property being sold,as of the anticipated date of closing, with a daily accrual for additional interest due each day the closing is delayed.
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- Objective. 1  The Principal Preservation Separate Account (PPSA) is a stable value product that provides insulation protection from the General Account for plans and participants; in addition to competitive, stable returns and a full guarantee of principal and accumulated interest.
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- As a noun, principal commonly means administrator or sum of money.. As an adjective, principal means most important.. The noun principle means basic truth or rule.. See the usage notes below.Also see Misleading Memory Prompts: Why the Principal Isn't Our Pal. Principal is also a noun, signifying either a person or money. 2  Principle is only a noun, usually designating a law or rule. 3  A quick check of any reputable dictionary will guide you in doubtful cases.
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- cash balance noun [U]. › the ​amount of ​money a ​company has in its ​bank ​account at a particular ​time: The ​company ​reported a ​cash ​balance of £335m at the end of the second ​quarter. See also. target cash balance. (Definition of cash balance from the Cambridge Business English Dictionary © Cambridge University Press).
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- What Does Stockholders' Equity Mean? The portion of the balance sheet that represents the capital received from investors in exchange for stock (paid-in capital), donated capital and retained earnings. Stockholders' equity represents the equity stake currently held on the books by a firm's equity
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What is a Loan Principal? On the day Dave receives the loan, his principal balance is $50,000. This is the amount that he owes the bank. At the end of the first year, Dave makes his first payment of $8,150. Most of this payment doesn’t go to the principal balance. Instead, it goes to pay the 10 percent interest expense on the principal.
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principal sum Define principal sum: the sum specified to be paid under the terms of an accident or health insurance policy in case of the death of the insured or… the sum specified to be paid under the terms of an accident or health insurance policy in case of the death of the insured or the loss of limb or… See the full definition
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FK Reading Ease Installment Debt from Wells Fargo Financial Matters Glossary (2015) by Wells Fargo & Company & Wealth Management Systems Inc. A regular payment of financial debt to a lender. Payment comprises both principal and interest. Additional payment will result in an increasing amount of principal paid and a decreasing amount of interest paid, potentially paying off the debt more quickly. FK Reading Ease 38.9
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- Definitions (6) 1. The amount borrowed, or the part of the amount borrowed which remains unpaid (excluding interest). here also called principal amount. 2. The part of a monthly payment that reduces the outstanding balance of a mortgage. 3. The original investment.
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- Net Cash Balance. From a business perspective, a net cash balance is the remaining available cash in a company's bank accounts after paying creditors and other financial obligations over a given period. Net cash balance is important because it serves as a gauge for the overall financial health of a company.
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What is the 'Notional Principal Amount' Notional Principal Amount. What is the 'Notional Principal Amount'. The notional principal amount, in an interest rate swap, is the predetermined dollar amounts on which the exchanged interest payments are based. The notional principal never changes hands in the transaction, which is why it is considered notional, or theoretical.
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Cash balance plan A cash balance plan is a defined benefit retirement plan that maintains hypothetical individual employee accounts like a defined contribution plan.n addition, the cash balance plan would provide an interest credit of say 6% of the prior year’s balance in each worker’s “hypothetical account” so that the current year’s balance would be the sum of the prior year’s balance and the current year’s pay credit and an interest credit on prior year’s balance.
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principal In investments and banking, the principal refers to the person for whom a Broker executes an order; it may also mean the capital invested or the face amount of a loan. A principal in the first degree is the chief actor or perpetrator of a crime.n investments and banking, the principal refers to the person for whom a Broker executes an order; it may also mean the capital invested or the face amount of a loan. A principal in the first degree is the chief actor or perpetrator of a crime.
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What is the margin balance in my brokerage account vs. my cash balance? 3 Answers. Wells Fargo should not do this. Usually Brokerage Cash Balance means cash in your checking account that link to your brokerage account. If you write a check and your checking account don't have enough balance, broker will go to your brokerage account and transfer fund to your checking account.