Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,900,365,759 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

principal and interest payment

    0.01 sec.
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.

principal and interest payment

The typical mortgage loan payment includes all accrued interest on the principal balance and some reduction of the principal;the borrower pays principal and interest.Only the interest portion of the payment is deductible on the borrower's taxes.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
This is from a letter written to Finance Officer William Sanders: "Principal and interest payments on these bonds are currently secured by the full faith and credit of the City and the City is obligated to levy ad valorem taxes on all the taxable property in the City without limitation as to rate or amount, in order to make such principal and interest payments.
After the interest-only period of an adjustable rate interest only mortgage, the loan requires principal and interest payments.
The portable dictionary includes illustrations of the parts of a house, common abbreviations, a mortgage table for figuring principal and interest payments, and related math appendices.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.