endowment mortgage Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “endowment mortgage” - English Dictionary

"endowment mortgage" in British English

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endowment mortgagenoun [C]

uk   us  
an ​arrangement in which you have an ​endowmentpolicy that ​provides the ​money you need in ​order to ​buy a ​house
(Definition of endowment mortgage from the Cambridge Advanced Learners 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 (= ​insurancepolicy) that is intended to ​provide the ​money to ​pay back the ​mortgage in the future: You are not ​entitled to ​assistance on any ​capitalpayments, i.e. to ​pay the ​premiums on an ​endowmentmortgage.
(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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