Related Words

Private Adoption Agencies: Non-governmental agencies licensed by the state to provide adoption services, primarily dealing with infant adoptions.

Private Island: An island or beach property leased or owned by a cruise line for the specific use of its cruise passengers. Private islands typically offer an array of beach and water sports.

Private Institution: An institution that relies primarily on non-governmental sources of financial support.

Private Health Insurance: Private health insurance – insurance plans marketed by the private health insurance industry – currently dominates the U.S. health care landscape, with approximately two-thirds of the non-el . . . View Full Definition

Private Letter Ruling: A private letter ruling explains a position the Internal Revenue Service (IRS) has taken on a specific issue or action that affects the amount of income tax a taxpayer owes. While these ruli . . . View Full Definition

Private Limited Partnership: A limited partnership with no more than 35 participants that is not registered with the SEC.

Private Mortgage Insurance (PMI): When you buy a home with a down payment of less than 20% of the purchase price, your lender may require you to buy private mortgage insurance (PMI), which protects the lender against the ris . . . View Full Definition

Private Mortgage Insurance: Private Mortgage Insurance (PMI or MI)- Insurance required to be paid for by the borrower to protect the lender in the event payments are not made on time; most often required when the loam . . . View Full Definition

Private Market Value (PMV): The break-up market value of all divisions of a company if divisions were each independent and established their own market stock prices.

Private Golf Course: (also 'private golf club') a golf course that requires membership, not accessible to the general public