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Loan balance
The current outstanding principal of a commercial line of credit loan. If this account is an LMA, loan balance is the principal balance (i.e. the amount borrowed less any principal repayments made) on this loan.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
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