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单词 shared-appreciation mortgage
释义

shared-appreciation mortgage

[ shaird-uh-pree-shee-ey-shuhn ]
/ ˈʃɛərd əˌpri ʃiˈeɪ ʃən /

noun

a type of mortgage that carries a smaller down payment or lower interest rate than usual in return for the lender's sharing in the appreciation of the property at some future date, as at the time of its sale. Abbreviation: SAM

Words nearby shared-appreciation mortgage

share and share alike, share certificate, sharecrop, sharecropper, sharecropping, shared-appreciation mortgage, shared care, shared logic, shared ownership, share draft, shared resources
Dictionary.com UnabridgedBased on the Random House Unabridged Dictionary, © Random House, Inc. 2020
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更新时间:2024/9/20 17:42:43