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principal, interest, taxes, and insurance

principal, interest, taxes, and insurance definition - business

principal, interest, taxes, and insurance

The components of a monthly mortgage payment when insurance and taxes are paid into an escrow account. The monthly payment includes only principal and interest when insurance and taxes are paid separately by the borrower.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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