The fee is calculated on the basis of the remaining outstanding principal balance of the loan prior to applying the current payment. (goodfinancialcents.com)
The entire income tax liability would be immediately recognized when the entire outstanding principal balance of the installment note is paid off and received by you. (exeter1031.com)
After a year, the company has paid off part of the loan, but still has an unpaid principal balance of $ 30,000. (bizfluent.com)