Restschuld

residual debt

noun REST-shoolt Rare

Also means

outstanding loan balance

Usage Note

Restschuld is the remaining principal outstanding on a loan at any given point. At the end of a fixed-rate period (Zinsbindung) on a mortgage, the Restschuld must be refinanced at new market rates.

Examples

"Nach zehn Jahren beträgt die Restschuld noch 80.000 Euro."

Natural Translation

After ten years the residual debt is still 80,000 euros.

Literal Translation

After ten years amounts the remaining-debt still 80,000 euros.

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