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Financial Terms | |
Remaining principal balance |
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Definition of Remaining principal balanceRemaining principal balanceThe amount of principal dollars remaining to be paid under the mortgage as of
Related Terms:Balance of Merchandise TradeThe difference between exports and imports of goods. Balance of paymentsA statistical compilation formulated by a sovereign nation of all economic transactions Balance of PaymentsThe difference between the demand for and supply of a country's currency on the foreign exchange market. Balance of Payments AccountsA statement of a country's transactions with other countries. Balance of tradeNet flow of goods (exports minus imports) between countries. Balance of TradeSee balance of merchandise trade. Balance sheetAlso called the statement of financial condition, it is a summary of the assets, liabilities, and ![]() BALANCE SHEETA “snapshot” statement that freezes a company on a particular day, like the last day of the year, and shows the balances in its asset, liability, and stockholders’ equity accounts. It’s governed by the formula: Balance SheetA financial statement showing the financial position of a business – its assets, liabilities and Balance SheetOne of the basic financial statements; it lists the assets, liabilities, and equity accounts of the company. The balance Sheet is prepared using the balances at the end of a specific day. balance sheetA term often used instead of the more formal and correct Balance sheetA report that summarizes all assets, liabilities, and equity for a company balance sheetFinancial statement that shows the value of the Balance SheetA financial report showing the status of a company's assets, liabilities, and owners' equity on a given date. Balance sheet exposureSee:accounting exposure. Balance sheet identityTotal Assets = Total Liabilities + Total Stockholders' Equity ![]() Balanced-Budget MultiplierThe multiplier associated with a change in government spending financed by an equal change in taxes. Balanced fundAn investment company that invests in stocks and bonds. The same as a balanced mutual fund. Balanced mutual fundThis is a fund that buys common stock, preferred stock and bonds. The same as a Balanced ScorecardA system of non-financial performance measurement that links innovation, customer and process measures to financial performance. balanced scorecard (BSC)an approach to performance Basic balanceIn a balance of payments, the basic balance is the net balance of the combination of the current common-size balance sheetbalance sheet that presents items as a percentage of total assets. Compensating balanceAn excess balance that is left in a bank to provide indirect compensation for loans Declining balanceAn accelerated depreciation method that calculates depreciation each year by applying a fixed rate to the asset’s book (cost–accumulated depreciation) value. Depreciation stops when the asset’s book value reaches its salvage value. Declining-balanceA method of depreciation. Double-declining-balance depreciationMethod of accelerated depreciation. ![]() Generally Accepted Accounting Principals (GAAP)A technical accounting term that encompasses the market-value balance sheetFinancial statement that uses the market value of all assets and liabilities. Net cash balanceBeginning cash balance plus cash receipts minus cash disbursements. Notional principal amountIn an interest rate swap, the predetermined dollar principal on which the Off-balance-sheet financingFinancing that is not shown as a liability in a company's balance sheet. On-hand balanceThe quantity of inventory currently in stock, based on inventory Principal1) The total amount of money being borrowed or lent. PrincipalThe original amount loaned, which is repaid plus interest. See face value. PrincipalThe obligation due under a debt instrument exclusive of interest. Principal-agent relationshipA situation that can be modeled as one person, an agent, who acts on the behalf Principal amountThe face amount of debt; the amount borrowed or lent. Often called principal. Principal AmountGenerally, refers to the face value of a debt. Principal of diversificationHighly diversified portfolios will have negligible unsystematic risk. In other Principal only (PO)A mortgage-backed security in which the holder receives only principal cash flows on Principal valueSee Par value. Projected available balanceThe future planned balance of an inventory item, Receivables balance fractionsThe percentage of a month's sales that remain uncollected (and part of Remaining maturityThe length of time remaining until a bond's maturity. Target cash balanceOptimal amount of cash for a firm to hold, considering the trade-off between the Trial balanceA listing of all the accounts and their balances on a specified day. Value additivity principalPrevails when the value of a whole group of assets exactly equals the sum of the Weighted average remaining maturityThe average remaining term of the mortgages underlying a MBS. zero-balance accountRegional bank account to which just enough funds are transferred daily to pay each day’s bills. Zero-balance account (ZBA)A checking account in which zero balance is maintained by transfers of funds Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |