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
- Flat on one's back ‐
- Serialist ‐ noun: a writer…
- Ragged school ‐ noun: (in Britain, formerly) a free elementary…
- Steam locomotive ‐ noun: a locomotive moved by steam power generated…
- Tilapia ‐ any of a genus (Tilapia) of African cichlid fishes…
- Restrike ‐ to strike again; noun: a coin freshly minted from…
- Centesis ‐ noun: a puncture or perforation; noun: the surgical…
- Acknowledged ‐ commonly recognized or accepted; adjective: recognized…
- Tritubercular ‐ adjective; adjective: (of a structure such as…
- Catarrhally ‐ adverb: in a manner relating to the inflammation…