Meaning Of The Word Pension mortgage

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What's the definition of Pension mortgage? Find Pension mortgage meanings, definitions and more at the Real Dictionary online.

Pension mortgage Meaning

Pension mortgage Definition
Pension mortgage Definition

What's The Definition Of Pension mortgage?

pension mortgage in British English
noun: an arrangement whereby a person takes out a mortgage and pays the capital repayment instalments into a pension fund and the interest to the mortgagee. The loan is repaid out of the tax-free lump sum proceeds of the pension plan on the borrower's retiremen

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