endowment mortgage - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “endowment mortgage”

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endowment mortgage

noun [C]
 
 
UK PROPERTY, BANKING
a mortgage (= a loan to buy a house) on which you pay only the interest, and also have an endowment (= insurance policy) that is intended to provide the money to pay back the mortgage in the future: You are not entitled to assistance on any capital payments, i.e. to pay the premiums on an endowment mortgage.
→  Compare repayment mortgage
Translations of “endowment mortgage”
in Chinese (Traditional) 定期人壽保險貸款, 兩全人壽保險貸款…
in Chinese (Simplified) 定期人寿保险按揭, 两全人寿保险按揭…
(Definition of endowment mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
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