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English definition of “mortgage indemnity insurance”

mortgage indemnity insurance

noun [U]
 
 
UK INSURANCE
a type of insurance that protects a financial organization against loss if someone is unable to pay back their mortgage: Loans above 75 per cent involve mortgage indemnity insurance. → Compare mortgage protection insurance
(Definition of mortgage indemnity insurance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of mortgage indemnity insurance?
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