The phrase
"loan principal" refers to the original amount of money that is borrowed from a lender. It does not include any accrued interest or fees.
Full definition
Similar and related words and phrases are presented below.
«loan»
«principal»
Related phrases
Phrases with «loan principal»
Sentences with «loan principal»
- The loan calculator also gives an analysis of the reduction of loan principal. (loanbiz.com)
- This will increase the total cost of your loans over time, because you will then pay interest on the increased loan principal balance. (studentaid.ed.gov)
- Adding just $ 25 extra dollars to your monthly payment means that you'll be paying off an extra $ 300 in student loan principal each year. (studentdebtwarriors.com)
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sentences)