What term refers to the amount of principal that has not yet been repaid?

The term that refers to the amount of principal that has not yet been repaid is commonly known as the remaining balance. This represents the portion of the loan that the borrower still owes to the lender after making some payments. Understanding this term is essential in real estate transactions as it helps both buyers and sellers gauge the financial obligations tied to a property.

The remaining balance is critical for determining equity in the property and for reconciling total payments made versus what is still owed. In real estate financing, tracking the remaining balance is necessary for assessing the mortgage status and financial planning regarding future payments or refinancing options.

Other terms like original balance, loan amount, and outstanding debt do not specifically capture the essence of what remains unpaid on the principal. The original balance and loan amount refer to the total amount borrowed at the onset, while outstanding debt can encompass both principal and interest. Therefore, the remaining balance is the most accurate term for what it indicates—the unpaid portion of the principal.