A fiscal outline that includes the construction budget and all costs for land, furniture, equipment, financing, professional services, contingencies, and owner-furnished goods and services. …
Prime Lending Rate
The minimum short-term interest rate charged by commercial banks to their most creditworthy clients. Home loan rates typically are several points above the prime rate, which is also used as the basis …
Primer
The initial coat of paint or sealant applied to a surface to prepare it for painting. …
Principal
Principal refers to the amount of money initially borrowed in a loan, excluding interest and other fees. It is the base amount on which interest payments and amortization schedules are …
Principal and Interest
Principal (the capital sum) and interest on the principal are combined in the mortgage payment to result in full repayment at the end of the loan's term (except in the case of balloon loans). …
Principal Paid Over Life of Loan
The sum of scheduled principal payments are calculated by the lender to equal the face amount of the loan. …