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单词 reverse annuity mortgage
释义

reverse annuity mortgage


noun

a type of home mortgage under which an elderly homeowner is allowed a long-term loan in the form of monthly payments against his or her paid-off equity as collateral, repayable when the home is eventually sold. Abbreviation: RAM
Also called equity conversion, reverse mortgage .

Words nearby reverse annuity mortgage

reversal film, reversal plate, reversal process, reverse, reverse angle shot, reverse annuity mortgage, reverse Apartheid, reverse bar, reverse bevel, reverse bid, reverse-charge
Dictionary.com UnabridgedBased on the Random House Unabridged Dictionary, © Random House, Inc. 2020
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更新时间:2024/9/23 6:28:54