Meaning Of The Word Endowment mortgage
What's the definition of Endowment mortgage? Find Endowment mortgage meanings, definitions and more at the Real Dictionary online.
Endowment mortgage Meaning
| Endowment mortgage Definition |
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What's The Definition Of Endowment mortgage?
endowment mortgage in British English
noun: an arrangement whereby a person takes out a mortgage and pays the capital repayment instalments into a life assurance policy and only the interest to the mortgagee during the term of the policy. The loan is repaid by the policy either when it matures or o endowment mortgage in Insurance noun: An endowment mortgage is a mortgage in which repayments are paid into a life insurance policy, and the loan is repaid by the policy either when it matures or when the policyholder dies. |
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