Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

mortgage insurance

1. An agreement to pay off a mortgage if the insured dies or becomes disabled. 2. An agreement to provide money to the lender if the mortgagor defaults on the mortgage payments. - Also termed private mortgage insurance (abbr. PMI).

mortgage insurance.

See INSURANCE.

private mortgage insurance

See mortgage insurance under INSURANCE.