0 abbreviation for mortgage indemnity premium: a type of insurance in the UK 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:
Most building societies insist on an MIP for loans over 90%.
NOVÉ SLOVÁ
European
May 10, 2021
SLOVO DŇA
Shimmer
MIP