Definition of "P&I"
  1. Principal and interest: it refers to the main amount borrowed and the sum paid as compensation for the loan
How to use "P&I" in a sentence
  1. The monthly mortgage payment is divided into two parts, P&I.
  2. Joe took out a loan and is now liable for P&I payments for the next five years.
  3. The breakdown of the loan payment indicates the specific amounts set aside for P&I.

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