Science Fair Project Dictionary
PITI payment
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English
Noun Phrase
- (finance) The amount paid per month in Principal, Interest, Taxes and Insurance for a given property. Used in determining the debt/income ratio.
- You can't afford this house. Your PITI payment would be too high for your income.
Related Terms
See Also
- mortgage
- debt/income ratio
10-26-2009 07:45:12
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details


