| 单词 | reverse mortgage |
| 释义 | > as lemmasreverse mortgage reverse mortgage n. North American Finance a financial agreement whereby a homeowner relinquishes equity in his or her home in exchange for regular payments, esp. to supplement retirement income (cf. equity release n. at equity n. Additions). ΚΠ 1969 J. M. Guttentag in I. Friend Study of Savings & Loan Industry IV. 1542 There are at present no institutional arrangements..whereby an elderly person can use up the equity in his house while reserving the right to live there until his death. The reverse mortgage is one possible solution. 1990 A. Zarembka Urban Housing Crisis i. 21 A relatively recent addition that is aimed at elderly homeowners, is the reverse mortgage. 2006 National Post's Financial Post & FP Investing (Canada) (Nexis) 23 Aug. fp9 Smith has a dim view of reverse mortgages, which he says should be used only as a last resort. < as lemmas |
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