Definition of "PITIO"
  1. Principal, interest, taxes, insurance, and other: a term covering monthly housing expenses such as the loan principal, interest, property taxes, homeowner's insurance, and other non-housing related costs
How to use "PITIO" in a sentence
  1. The PITIO analysis showed that the couple would not be able to handle the costs of home ownership.
  2. Before approving a loan, the bank examined the borrower's ability to cover PITIO.
  3. The family created a budget to manage their PITIO and other living costs.

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