P & I

P & I

Stands for principal and interest on bonds or mortgage-backed securities.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved