Hello, you have come here looking for the meaning of the word
endowment mortgage. In DICTIOUS you will not only get to know all the dictionary meanings for the word
endowment mortgage, but we will also tell you about its etymology, its characteristics and you will know how to say
endowment mortgage in singular and plural. Everything you need to know about the word
endowment mortgage you have here. The definition of the word
endowment mortgage will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
endowment mortgage, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
endowment mortgage (plural endowment mortgages)
- (finance) A type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan.
- Coordinate term: repayment mortgage