P&I

(redirected from Principal and Interest Payments)

P&I

The principal and interest on a loan. The borrower must pay the principal and interest according to the agreed-upon schedule. See also: PITI, Amortization.

P&I

Abbreviation for principal and interest, being the two components of all payments under an amortizing mortgage loan.

References in periodicals archive ?
Since his client has separate principal and interest payments, once the principal is reduced, his lender will also reduce the amount of the payments.