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principal and interest payment |
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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. |
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