Mortgage guarantee insurance

MORTGAGE GUARANTEE INSURANCE,

Definition of MORTGAGE GUARANTEE INSURANCE:

Meaning of MORTGAGE GUARANTEE INSURANCE: Coverage for mortgage borrowers (usually financial institutions) in the event of a mortgage default. It is also called personal mortgage insurance (PMI).

Literal Meanings of MORTGAGE GUARANTEE INSURANCE

MORTGAGE:

Meanings of MORTGAGE:
  1. Designate the lender (property) as a loan collateral.

  2. A legal arrangement under which a bank or other lender lends money in return for interest on the lender's property, provided the transfer of the property ends with the repayment of the loan.

Sentences of MORTGAGE
  1. The farm was mortgaged

  2. I deposited one lakh cash and took out the rest of the mortgage

Synonyms of MORTGAGE

advance, ■■■■, mortgage, guarantee, put up as collateral, credit

GUARANTEE:

Meanings of GUARANTEE:
  1. A formal promise or guarantee (usually in writing) that certain conditions will be met, especially if the quality and durability of a product does not match the brand and will be repaired or replaced.

  2. Regular obligation to repay debts to others or to perform duties with others in a pre-arranged manner.

  3. Provide formal guarantees or promises, especially certain conditions that must be met in connection with products, services or transactions.

Sentences of GUARANTEE
  1. We offer a 10 year warranty against rust.

  2. The thief guaranteed to get at least 20 ounces of gold from the landfill.

Synonyms of GUARANTEE

compact, contract, assurance, understanding, agreement, promise, commitment, warrant, undertaking, arrangement, warranty, settlement, covenant, bond, pledge

INSURANCE:

Meanings of INSURANCE:
  1. Procedures or agreements used by companies or government agencies to guarantee compensation for certain losses, injuries, illnesses or deaths in return for payment of premiums.

Sentences of INSURANCE
  1. Maintaining a high standard of personal conduct is an excellent guarantee against personal problems.

Synonyms of INSURANCE

preventive measure, indemnification, safety measure, shelter, provision, financial protection, safeguard, precaution, immunity, defence, surety, security, indemnity, cover, protection

MORTGAGE GUARANTEE INSURANCE,

MORTGAGE GUARANTEE INSURANCE Definition:

  1. MORTGAGE GUARANTEE INSURANCE means: Coverage for a mortgage lender (usually a financial guarantee) if the mortgage lender does not repay the loan. This is also known as private mortgage insurance (PMI).

Literal Meanings of MORTGAGE GUARANTEE INSURANCE

MORTGAGE:

Meanings of MORTGAGE:
  1. A legal arrangement under which banks, mortgage lenders, etc. lend at interest in exchange for allocating the lender's property, provided that the transfer of ownership is terminated upon repayment of the loan.

  2. Assign lenders as collateral for loans.

GUARANTEE:

Meanings of GUARANTEE:
  1. A formal guarantee (usually in writing) that certain conditions have been met, especially that a product will be repaired or replaced if it does not meet certain standards.

  2. Responsibility for repaying or repaying third party loans in case of default by the principal.

  3. Provide a formal warranty, including satisfaction with certain terms related to a product, service or transaction.

  4. I promise for sure.

Sentences of GUARANTEE
  1. The company guarantees your money back.

  2. No one can guarantee a profit from stocks and shares.

Synonyms of GUARANTEE

swear an oath, give one's word, give assurances, swear, undertake, vow, take an oath, give a pledge, plight, give an assurance, give an undertaking, swear to the fact

INSURANCE:

Meanings of INSURANCE:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of INSURANCE
  1. Jacket hanging behind the seat, protected against air conditioning.

Synonyms of INSURANCE

backstop, (financial) protection

MORTGAGE GUARANTEE INSURANCE,

MORTGAGE GUARANTEE INSURANCE:

  • Coverage for a mortgage lender (usually a financial guarantee) if the lender does not repay the loan. It is also known as Private Mortgage Insurance (PMI).

Literal Meanings of MORTGAGE GUARANTEE INSURANCE

MORTGAGE:

Meanings of MORTGAGE:
  1. Legal arrangements including banks, mortgage lenders, etc. Lending at interest in exchange for ownership of the property of the debtor, provided that the transfer of ownership ceases after the repayment of the loan.

  2. Assignment (property) to lenders as collateral for loans.

GUARANTEE:

Meanings of GUARANTEE:
  1. Obligation to repay or meet third party debts or obligations by default by the principal controller.

INSURANCE:

Meanings of INSURANCE:
  1. An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in return for certain premiums.

  2. Something that protects against possible accidents.

Sentences of INSURANCE
  1. Jacket hanging behind the seat, protected from air conditioning