ENDOWMENT MORTGAGE


Meaning of ENDOWMENT MORTGAGE in English

noun

( BrE ) a type of mortgage (= money borrowed to buy property) in which money is regularly paid into an endowment policy . At the end of a particular period of time this money is then used to pay back the money that was borrowed

—compare repayment mortgage

Oxford Advanced Learner's English Dictionary.      Оксфордский английский словарь для изучающик язык на продвинутом уровне.