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Universalium. 2010.
reverse annuity mortgage — noun or reverse mortgage : a loan against home equity that provides an annuity to the homeowner and is repayable at the time the home is sold * * * a type of home mortgage under which an elderly homeowner is allowed a long term loan in the form… … Useful english dictionary
reverse mortgage — noun see reverse annuity mortgage * * * reverse annuity mortgage or reverse mortgage, U.S. and Canada. the transfer of a homeowner s mortgage to a bank, lending company, or the like, in return for a regular annuity: »The reverse annuity mortgage… … Useful english dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
reverse mortgage. — See reverse annuity mortgage. * * * … Universalium
reverse mortgage. — See reverse annuity mortgage … Useful english dictionary
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
Reverse mortgage — A reverse mortgage (known as lifetime mortgage in the United Kingdom) is a loan available to seniors (62 and older in the United States), and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner s … Wikipedia
Alternative mortgage instruments — Variations of mortgage instruments such as adjustable rate and variable rate mortgages, graduated payment mortgages, reverse annuity mortgages, and several seldom used variations. The New York Times Financial Glossary … Financial and business terms
