PITI Definition

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PITI is an acronym for Principal, Interest, Taxes and Insurance when dealing with property mortgages.

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MARGINAL BENEFIT takes into account the fact that the more an entity has or devotes to something, the less benefit that is likely to be derived from the additional units applied, e.g. additional labor hours expended to complete a task can be of questionable benefit if parts, tools, or machines cannot optimally absorb the additional labor applied, i.e. the additional hours devoted would be of marginal benefit.

INBR see INCURRED BUT NOT REPORTED; could also mean Insurance Broker.

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