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The amount required to repay a loan, including interest and fees.


The reception of compensation for a good or service. For example, if one sells a hairdryer for $10, the payment is $10. In a cash sale, payment is made immediately or almost immediately, while in a credit sale, payment may be delayed for a certain period of time.


Funds given to another in exchange for goods or services or as reimbursement for money loaned.A mortgage payment may consist of interest only;it could be a combination of principal and interest; or it could also include sums for real estate taxes, property insurance, and/or private mortgage insurance. In order to use Microsoft Excel to calculate your monthly principal and interest payment for a mortgage, do the following:

1. In cell A1, place the annual interest rate.

2. In cell A2, place the number of months of the loan to fully amortize it.

3. In cell A3, place the principal amount of the loan.

4. In cell A4, write the following formula exactly: pmt(A1/12,A2,A3)

5. Cell A4 will calculate your monthly payment.

References in periodicals archive ?
Steen, CEO of InfuSystem, the newest contracted payor agreements creates in-network coverage on InfuSystem infusion pumps, supplies and 24/7 support service for members of these two large private insurers.
If the payor takes a look at its hospital outpatient charges, the cost for administration alone is usually higher than other sites of care--other sites meaning either a physician's office or home care.
If there are two or more reductions at times when the children of the payor parent are not different by more than 24 months, the reduction is presumed to be child support.
There was concern that some payors had improperly reported gross-proceeds payments in an income box on Form 1099-MISC.
However, it is possible that a broker or payor is not aware of a trust's exempt status, that the trustee did not properly complete Form W-9, Request For Taxpayer Identification Number, or the appropriate certification, and that the payor was required to begin backup withholding.
The payor of a payment delivered to an attorney must report the payment to the attorney even if the attorney is not listed as a payee on the check if, under the circumstances, it is reasonable for the payor to believe that the attorney is receiving the check in connection with legal services (Prop.
The new rules apply to "hybrid branch payments," defined as payments made between two separate entities under the laws of the foreign jurisdiction in which the payor is taxed but which, under U.
Disparity between foreign effective tax rates: There must be a sufficient disparity in the income tax rates of the payor and the payee of the payment.
The IRS ruled that, with respect to the payments to the private investigators and the expert witnesses, A was a payor under Sec.