repayment mortgage Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "repayment mortgage" - Business English Dictionary

repayment mortgage

noun [C]
 
 
BANKING, PROPERTY
in the UK, a mortgage on which you pay back both the capital (= amount borrowed) and the interest: a 20-year/25-year, etc. repayment mortgage On a £100,000 25-year repayment mortgage, you'll pay £561 per month.take out a repayment mortgage I recommend that she takes out a repayment mortgage.
→  Compare endowment mortgage
(Definition of repayment mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of repayment mortgage?
Add Cambridge dictionaries to your browser to your website
Word of the Day
social security

a system of payments made by the government to people who are ill, poor, or who have no job

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

responsible luxury noun
responsible luxury noun
August 03, 2015
high-end, green tourism and hospitality Jumeirah’s ‘responsible luxury’ approach is an example of a sustainable travel experience – future guests will enjoy the environment as much as today’s.

Read More