PITI Definition

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

Learn new Accounting Terms

TEMPORARY ACCOUNT see NOMINAL ACCOUNT.

DEVELOPMENT normally refers to a) improving a product or producing new types of products; or b) in real estate, process of placing improvements on or to a parcel of land.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.

Purchase and download Glossary
Only $9.95