California Financial Code 18010 – “Principal balance”, and “face amount” as used in this division, …
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“Principal balance”, and “face amount” as used in this division, means the unpaid balance of a loan or other obligation.
(Amended by Stats. 1979, Ch. 270.)
Terms Used In California Financial Code 18010
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.