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单词 pension mortgage
释义

pension mortgage


noun

an arrangement whereby a person takes out a mortgage and pays the capital repayment instalments into a pension fund and the interest to the mortgagee. The loan is repaid out of the tax-free lump sum proceeds of the pension plan on the borrower's retirement

Words nearby pension mortgage

pension, pensionary, pensioneer trustee, pensioner, pension fund, pension mortgage, pension off, pension plan, pensive, penstemon, penstock
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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更新时间:2024/12/24 2:42:01