Meaning Of The Word Pension mortgage
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 |
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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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