What is Principal and Interest (P&I)?
The Principal and Interest (P&I) is combined which represents the total scheduled loan payment amount. Principal (P) is the amount of the original loan still owed to the financial institution along with the interest (I) that is being applied to that loan on a monthly basis.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "P"
- Paid in Capital
- Past Due Invoice
- Pay when Paid Clause
- Peer Lending
- Perishable Agricultural Commodities Act (PACA)
- Personal Guarantee
- Pre-Billing
- Prime Rate
- Process of Factoring
- Production Finance
- Proof of Delivery (POD)
- Property, Plant, and Equipment (PP&E)
- Purchase Order
- Purchase Order Funding or PO Financing
