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private mortgage insurance

/ˈpraɪvət ˈmɔrgədʒ ˌɪnˈʃʊrəns/ /ˈpraɪvət ˈmɔːgɪdʒ ɪnˈʃɔːrəns/
noun
GeneralInsurance
  1. 1 özel ipotek sigortası uncountable

Definition (English)

Insurance that protects the lender if a borrower stops paying, usually required when the deposit is under 20%.

Example Sentences

  1. Private mortgage insurance adds to the monthly cost.
    Özel ipotek sigortası aylık maliyeti artırır.
  2. They stopped paying private mortgage insurance after five years.
    Beş yıl sonra özel ipotek sigortası ödemeyi bıraktılar.

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