endowment mortgage

English - English

Definition of endowment mortgage in English English dictionary

Related Terms

endowment-linked mortgage

A special mortgage where the borrower only pays back the interest charged by the lender. Therefore the outstanding balance does not decrease as it does with a standard loan

Hyphenation

en·dow·ment mort·gage

Turkish pronunciation

endaumınt môrgıc

Pronunciation

/enˈdoumənt ˈmôrgəʤ/ /ɛnˈdaʊmənt ˈmɔːrɡəʤ/