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 |
|---|
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. |
More Definitions
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Definitions Of The Day
- In residence ‐ actually resident; appointed to work at, and usually…
- Overfast ‐ adjective: too fast
- Deathwatch beetle ‐ a beetle, Xestobium rufovillosum, whose woodboring…
- Back emission ‐ noun: the secondary emission of electrons from…
- Reinsurance ‐ noun: Reinsurance is insurance protection taken…
- Lubber line ‐ noun: a mark on a ship's compass that designates…
- Bats-wing coral-tree ‐ noun: a small tree, Erythrina verspertilio, of…
- Back-patting ‐ noun: an act or instance of offering praise or…
- Charter school ‐ an alternative school that is founded on a charter…
- Irish water spaniel ‐ any of a breed of spaniel with a liver-colored…