the act of piercing or perforating, as with a pointed instrument or object. 2. a hole or mark so made. 3. Zoology. a small pointlike depression. verb (used with object), punctured, puncturing. 4. to pierce or perforate, as with a pointed instrument: to puncture leather with an awl. 5. to make (a hole, perforation, etc.) by piercing or perforating: He punctured a row of holes in the cardboard.
A Regulated Market is a multilateral system, (as defined by MiFID), which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments in a way that results in a contract. For example, the London Stock Exchange (LSE).
19th Nov 2009 by Burt Carlson. PMI stands for Private Mortgage Insurance. This is insurance that a mortgage lender gets to insure itself in part from a loss on a loan. MIP is Mortgage Insurance Premium and is the cost of the insurance. On an FHA home loan the borrower is required to pay an up front payment based on a certain percentage of the loan amount. This is called the Up Front Mortgage Insurance Premium (UFMIP) and is included in the costs of an FHA loan. FHA also requires that a borrower pay a certain percentage of the loan amount monthly toward mortgage insurance.