单词 | pension mortgage |
释义 | > as lemmaspension mortgage pension mortgage n. British Finance a mortgage on which the borrower repays interest only, and also contributes to a pension plan designed to provide an eventual tax-free lump sum, part of which is used to repay the capital at the end of the mortgage period and the rest to provide a pension for the borrower's retirement. ΚΠ 1983 Times 30 Apr. 12/5 The terms apply to..those switching to a pension mortgage. 1995 Which? July 52/1 All the advisers mentioned endowments and repayments, but only a third mentioned PEP and pension mortgages. < as lemmas |
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