Glossary: loan balances, payments and accounting treatment
Plain-language definitions of the balances, dates, cash movements and audit terms used throughout FolioPact.
Read balances as of one date
Use the same borrower, lender, currency and as-of date when comparing terms below. Similar words can describe different positions: accrued is not due, paid is not outstanding, and credit is not a repayment until allocated.
Keep the five outstanding components separate
Add cash principal, capitalised interest, due interest, accrued interest and charges once each. Keep interest paid, principal repaid and waived amounts as history. Keep unapplied borrower credit separately scoped by lender.
Distinguish calculation from cash
A forecast, collection due date, capitalisation or credit application is not a new cash movement. A receipt is cash in; an advance or credit refund is cash out. Corrections preserve original and contra cash lines.
| Term | Meaning and treatment |
|---|---|
| Workspace | The private organisation containing authorised lender records and their book. |
| Legal lender | The person or entity that owns the loan agreement; distinct from a bank account. |
| Borrower | The person or business in the lender’s records; a record is not a login. |
| Loan / agreement | One independent contract with its own reference, terms, lender and currency. |
| Advance / tranche | An amount lent under an agreement, with its effective date and applicable rate. |
| Cash principal | Original money lent that remains unpaid; excludes capitalised interest. |
| Accrued interest | Interest earned to the as-of date that is not yet contractually due. |
| Due interest | Interest already payable under the collection schedule. |
| Capitalised interest | Due unpaid interest explicitly moved to a separate capitalised balance. |
| Interest paid | Cash allocated to ordinary or capitalised interest; historical collection, not debt. |
| Principal repaid | Cash allocated to reduce original cash principal. |
| Waiver | An explicit reduction of permitted interest or charges; not cash collected. |
| Charges | Separately recorded fees or permitted charges; not ordinary interest or principal. |
| Total outstanding | Cash principal + capitalised interest + due interest + accrued interest + charges, each once. |
| Currently payable | The amount payable at the selected date; can differ from total outstanding. |
| Borrower credit | Cash received but not yet allocated, scoped by borrower, legal lender, currency and date. |
| Receipt | The recorded cash inflow; one receipt may have several compatible loan allocations. |
| Allocation | How a receipt or available credit is applied to specific loan components. |
| Credit application | Using existing credit to reduce debt; no second cash receipt. |
| Credit refund | Returning available credit; a cash outflow, not a loan repayment. |
| Effective date | The date a financial entry affects calculation and reporting. |
| Recorded timestamp | When an entry was saved; distinct from its effective date. |
| As-of date | The closing date used for balances; includes same-date events, excludes that date’s interest interval. |
| Rate unit | The quote basis: percent per year/month/week, or a supported fixed return. |
| Day-count convention | The explicitly selected rule for converting elapsed time into interest. |
| Principal basis | Outstanding or original cash-principal basis specified in the agreement. |
| Collection schedule | When interest or principal becomes payable; separate from how interest accrues. |
| Capitalisation schedule | When permitted due unpaid interest is moved to capitalised interest. |
| Maturity | The contractual end/due date; it does not itself prove that cash was repaid. |
| Dated restatement | Correction semantics that replay balances from the original entry’s date once the correction date is reached. |
| Contra cash line | The correction-date cash-ledger counterpart retaining the original cash movement. |
| Audit history | Recorded actor, action, reason and linked details; inspect scope and pagination. |
| Idempotent retry | Repeating the same request so an uncertain save is resolved without counting the movement again. |
| Unapplied versus overdue | Unapplied describes unallocated received cash; overdue describes an obligation past its due date. |
| Forecast / amortisation plan | A prospective schedule under stated assumptions; does not post receipts. |
| Settlement quote | A non-posting estimate at a selected date; does not settle or close the agreement. |
| Masked identifier | Only the permitted final account characters, such as ****1234; not banking credentials. |
| PARTIAL export | A file restricted to loaded rows or its labelled scope; not proof of a complete book. |
Check your result
- The same date and currency are used for comparison.
- Historical paid amounts are not added to debt.