The annual daily balance of personal finance refers to the total balance of all personal assets in the bank on the last settlement day of the year, including deposits, insurance, partial stock funds, wealth management, account funds, etc.
In the process of bank settlement, in addition to calculating the annual balance of personal financial aggregate, there are generally settlement amount and loan principal.
The settlement amount refers to the amount required to pay off the loan in one lump sum. Generally speaking, if you want to settle the loan with the bank, how much do you need to pay to the bank?
The balance of loan principal refers to the remaining principal as of the last repayment date.
The difference between them is that settlement amount = loan principal balance+loan interest between inquiry date and final repayment date. Therefore, the settlement amount is greater than the loan principal balance.