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单词 equity release
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equity release
equity release n. Finance the (partial) remortgaging of a house or other property in order to release funds, frequently to supplement retirement income (cf. reverse mortgage n. at reverse adj. and adv. Compounds 2); chiefly attributive.
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1970 Sun (Lowell, Mass.) 6 Mar. 28/9 Inquire about our equity release program.
1988 Guardian (Nexis) 9 Apr. Equity release schemes for the over-60s.
1993 R. A. Hayes Ownership, Control & Future of Housing Policy iv. 119 Homeowners in retirement may find the costs of maintenance and repair a problem, and equity release schemes change the value of their asset holding.
2006 Yours 16 Sept. 130/1 Equity release plans allow you to release cash using your property as security.
extracted from equityn.
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