| 词汇 | private mortgage insurance (PMI) |
| 释义 | `1`private mortgage insurance (PMI) `2` "Nolo Everybody's Legal Dictionary": Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI. See Topic: Consumer & Travel Real Estate |
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