| 单词 | shared appreciation |
| 释义 | > as lemmasshared appreciation shared appreciation n. Finance (as a modifier) designating a type of mortgage in which the lender receives a portion of any increase in value of the property when it is sold, typically in return for lower interest rates or a smaller down payment; of or relating to this; chiefly in shared appreciation mortgage (abbreviated SAM). ΚΠ 1976 San Francisco Chron. 16 Sept. 62 New mortgage instruments being considered are variable rate, graduated payment, deferred interest, reverse equity, shared appreciation and price level adjusted mortgage. 1980 N.Y. Times 22 Aug. d6 Under the shared appreciation plan announced yesterday, the home buyer would pay an interest rate one-third less that the prevailing rate but would later give up one-third of the profit on the sale of the home. 2016 MailOnline (Nexis) 13 Dec. Bank of Scotland issued thousands of shared appreciation mortgages where the borrower not only forfeited up to 75 per cent of any uplift in value of their home, they also agreed to pay around 6 per cent interest for the lifetime of the mortgage. < as lemmas |
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