Mortgages in which the bank makes a loan for an amount equal to a percentage of the appraisal value of the home. The loan is then paid to the homeowner in the form of an annuity .
REVERSE-ANNUITY MORTGAGES (R.A.M.S)
Meaning of REVERSE-ANNUITY MORTGAGES (R.A.M.S) in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012