SHARED-APPRECIATION MORTGAGE


Meaning of SHARED-APPRECIATION MORTGAGE in English

/shaird"euh pree'shee ay"sheuhn/

a type of mortgage that carries a smaller down payment or lower interest rate than usual in return for the lender's sharing in the appreciation of the property at some future date, as at the time of its sale. Abbr.: SAM

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .