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
- Shafter ‐ noun: a shaft-horse, usually in tandem with another…
- Break even ‐ designating that point, as in a commercial venture…
- Beatable ‐ Someone who is beatable can…
- In place ‐ in the correct or usual position or order; phrase:…
- Road warrior ‐ a person who travels extensively, as on business…
- Abstracter ‐ noun; noun: a person who abstracts or makes an…
- The West Bank ‐ a semi-autonomous Palestinian region in the Middle…
- Bloodiness ‐ the state of…
- Foin ‐ lunge or thrust, as in fencing; intransitive verb:…
- Revenue enhancement ‐ noun: a new tax or a…