A/R Finance & Factoring Terms GLossary

Definition ofPrincipal and Interest (P&I)

The Principal and Interest (P&I) is combined which represents the total scheduled loan payment amount. Principal (P) is the amount of the original loan still owed to the financial institution along with the interest (I) that is being applied to that loan on a monthly basis.

Audio Definition/Pronunciation

OTHER TERMS BEGINNING WITH "P"

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