borrowed on a mortgage
21mortgage — mort•gage [[t]ˈmɔr gɪdʒ[/t]] n. v. gaged, gag•ing 1) lawg bus a conveyance of an interest in property as security for the repayment of money borrowed 2) bus the deed by which such a transaction is effected 3) bus the rights conferred by it, or… …
22endowment mortgage — noun A form of mortgage in which the capital sum is repaid by the eventual proceeds from endowment assurance • • • Main Entry: ↑endow * * * endowment mortgage UK US noun [countable] [singular endowment mortgage …
23Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions …
24Fixed rate mortgage — A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or float. Other forms of mortgage loan include interest only… …
25Repayment mortgage — A repayment mortgage is a term generally used in the UK to describe a mortgage in which the monthly repayments consist of repaying the capital amount borrowed as well as the accrued interest. The mortgage statement, usually received annually,… …
26Commercial mortgage — Finance Financial markets Bond market …
27open-end mortgage — noun : a mortgage under which additional funds may be borrowed without making a new mortgage contrasted with closed mortgage * * * a mortgage agreement against which new sums of money may be borrowed under certain conditions …
28Endowment mortgage — An endowment mortgage is a mortgage loan arranged on an interest only basis where the capital is intended to be repaid by one or more (usually Low Cost) endowment policies. The phrase endowment mortgage is used mainly in the United Kingdom by… …
29repayment mortgage — A mortgage where you pay off both the capital and interest each month until you ve completely repaid the loan at the end of the pre agreed term. * * * repayment mortgage repayment mortgage ➔ mortgage1 * * * repayment mortgage UK US noun [C]… …
30Second Mortgage — A type of subordinate mortgage made while an original mortgage is still in effect. In the event of default, the original mortgage would receive all proceeds from the liquidation of the property until it is all paid off. Since the second mortgage… …
