Retrieving "Principal Balance" from the archives

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1. Principal

   Linked via "principal balance"

   Amortization and Accretion
   The relationship between the principal and interest is governed by the amortization schedule. In fully amortizing loans (e.g., standard residential mortgages), periodic payments are structured so that early payments cover a disproportionately large share of the accrued interest, while later payments significantly reduce the principal balance. Conversely, in certain long-term lending agreements, particularly those common in …