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Private mortgage insurance |
: insurance that a lender may require a borrower to purchase to cover losses in the event of default of a residential loan esp. when the borrower is giving the lender a mortgage on property in which the borrower has less than 20 percent equity
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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confidential communication
a communication between parties to a confidential relation (as husband and wife, attorney and client, or doctor and patient) such that the recipient of the communication has a privilege exempting him or her from disclosing it as a witness
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