Home > Terms > English, UK (UE) > Principal, interest, tax, and insurance (PITI)
Principal, interest, tax, and insurance (PITI)
Used to indicate what is included in a monthly amount of a mortgage payment on real property. Principal, interest, taxes and insurance are the four major parts of a usual monthly payment.
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- Part of Speech: noun
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- Industry/Domain: Business services
- Category: Relocation
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