principal and interest payment

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.

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.
The company gets a deduction for any principal and interest payments the ESOP makes.
The CMO bonds are rated "AAA" because they are structured so that the principal and interest payments generated by the mortgage certificates are more than sufficient to fund principal and interest payments to the bondholders.
And if the defaults are more than technical, if you need to start deferring some of your principal and interest payments, you should also consider the relief a bankruptcy court may offer.
But if you need to defer principal and interest payments for a given period, and your projections show such a deferral will put your company back on track, your lender may well accept your proposal.
A guarantor may also be involved to see that principal and interest payments will be received by investors on a timely basis, even if the servicer is unable to collect these payments from the obligors.
Shares may be allocated to employees based on principal payments or principal and interest payments.