Home
E-Mail
Latest

Principal, Interest, Taxes, And Insurance Payment (PITI) Financial Glossary

What is it? The periodic (typically monthly) payment required by an amortizing loan that includes escrow deposits. Each periodic payment includes a principal and interest payment plus a contribution to the escrow account set up by the lender to pay insurance premiums and property taxes on the mortgaged property.

Finance Term Definition Added By: Jack

The Principal, Interest, Taxes, And Insurance Payment (PITI) definition has been viewed 1624 Time(s)!




Send To Friends!

If you'd like to send the Principal, Interest, Taxes, And Insurance Payment (PITI) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Principal, Interest, Taxes, And Insurance Payment (PITI). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Gift Aid is Educational funds such as grants or scholarships that do not require repayment from present or future earnings. See Grant

Financial Term Federal Deposit Insurance Corporation (FDIC) is A government-owned corporation that insures deposits up to $100,000 at all federal and some state-chartered banks, savings associations, and industrial loan companies. Deposit insurance is financed by a fee paid by the insured institutions (see Bank Insurance Fund). The FDIC promotes the safety and soundness of insured depository institutions and the U.S. financial system by identifying, monitoring and addressing risks to the deposit insurance funds. The FDIC also is the primary federal regulator of about 6,000 state-chartered nonmember banks (commercial and savings banks that are not members of the Federal Reserve System).

Financial Term Lease is A contract by which the owner of property (which can be a building, a car, an item of machinery, etc) allows another person to use it, in return for rent being paid

Financial Term Encumbrance Query is Allows you to view encumbrance information by account for a specified FOAPAL parameter.

Financial Term apital spending is Spending on assets that have a lasting value, for example, land, buildings and large items of equipment such as vehicles.