Home
E-Mail
Latest

Private Mortgage Insurance (PMI) Financial Glossary

What is it? An insurance contract written by a private corporation that protects a portion of the loan to the mortgagee against losses that might occur in the event of default and/or foreclosure on conventional loans. May also refer to the companies writing this type of coverage.

Finance Term Definition Added By: Connor

The Private Mortgage Insurance (PMI) definition has been viewed 1928 Time(s)!




Send To Friends!

If you'd like to send the Private Mortgage Insurance (PMI) 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 Private Mortgage Insurance (PMI). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Payor is The person, company, or government responsible for making payments on an income stream.

Financial Term Legitimate interest is A contractors interest of any kind, particularly a commercial interest, that may be claimed in the cases provided for in the contract. To this end the contractor must prove that failure to take account of its interest would result in its suffering disproportionately great harm.

Financial Term Intestate is Not having made a will before your death.

Financial Term Formula Spending Share (FSS) is General reserves

Financial Term Executor is The person nominated to manage your affairs and distribute your estate when you die. You usually identify this person in your will.