PITI

Business / Taxes / PITI: PITI is an acronym for principal, interest, taxes, and insurance — the four elements of a monthly mortgage payment. Principal is the loan amount. Interest is the rate at which the finance charge you pay for borrowing is calculated. Taxes are the real estate taxes for which you are responsible, and insurance is the homeowner’s insurance that your lender requires you to have. If your lender also requires private mortgage insurance (PMI), this amount may be included in the monthly payment or paid separately. Lenders use PITI to calculate your monthly mortgage obligation and how much you can afford to borrow. Most lenders prefer that you spend no more than 28% of your gross monthly income on PITI.

Repitition Maximum (Rm)

Health / Fitness / Repitition Maximum (Rm): This is the maximum number of repetitions per set that can be performed at a given resistance with proper lifting technique. Thus, a set at a certain RM implies the set is performed to momentary volun MORE

Pulpitis

Health / Dentistry / Pulpitis: An often painful inflammation of the dental pulp or nerve. MORE

Tropics or Tropical

Science / Weather / Tropics or Tropical: The region of the earth located between the Tropic of Cancer, at 23.5 degrees North latitude, and the Tropic of Capricorn, at 23.5 degrees South latitude. It encompasses the equatorial region, an area MORE

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