Meaning of PMI In English

• 0 abbreviation for Private Medical Insurance: medical insurance that you pay to use, rather than using the public health system:

  • PMI means that if you suffer an acute illness you can get treatment at a time and place that suit you.

• 1 abbreviation for Purchasing Managers' index

• 2 US abbreviation for Private Mortgage Insurance: a type of insurance in the US that is paid by someone borrowing money to buy a house. The insurance protects the lender against a fall in the value of the house if the borrower cannot pay back the loan:

  • A $500,000 mortgage may come with a monthly PMI bill of $250.