principal and interest (P&I)

principal and interest (P&I) definition - business

principal and interest (P&I)

A payment, generally monthly, on an amortized loan that includes interest charges and a portion of principal.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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