PMI
noun
ukus[U]INSURANCE
abbreviationforPrivateMedicalInsurance:medicalinsurancethat youpayto use,ratherthan using thepublichealthsystem:
PMImeansthat if yousufferanacuteillnessyou can gettreatmentat atimeandplacethatsuityou.
[S]ECONOMICS
abbreviationforPurchasing Managers' index
[U]INSURANCE
USabbreviationforPrivateMortgageInsurance: atypeofinsurancein the US that ispaidby someoneborrowingmoneytobuyahouse. Theinsuranceprotectsthelenderagainst afallin thevalueof thehouseif theborrowercannotpayback theloan:
A $500,000mortgagemay come with amonthlyPMIbillof $250.
Compare
MIP