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词汇 mip
释义 MIP
noun[ C ]
 PROPERTYukus
abbreviation for mortgage indemnity premium: a type of insurance in the UK that is paid by someone borrowing money to buy a house. The insurance protects the lender against a fall in the value of the house if the borrower cannot pay back the loan:
Most building societies insist on an MIP for loans over 90%.
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