Meaning Of The Word Pension mortgage

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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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