endowment mortgage Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “endowment mortgage” in the English Dictionary

"endowment mortgage" in British English

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endowment mortgagenoun [C]

uk   /ɪnˌdaʊ.mənt ˈmɔː.ɡɪdʒ/ us   /ɪnˌdaʊ.mənt ˈmɔːr.ɡɪdʒ/
an arrangement in which you have an endowment policy that provides the money you need in order to buy a house
(Definition of endowment mortgage from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"endowment mortgage" in Business English

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endowment mortgagenoun [C]

uk   us   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.
(Definition of endowment mortgage from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “endowment mortgage”
in Chinese (Simplified) 定期人寿保险按揭, 两全人寿保险按揭…
in Chinese (Traditional) 定期人壽保險貸款, 兩全人壽保險貸款…
What is the pronunciation of endowment mortgage?
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