repayment mortgagenoun [ C ]
ukusBANKING, PROPERTYin the UK, a mortgage on which you pay back both the capital (= amount borrowed) and the interest:
a 20-year/25-year, etc. repayment mortgage On a £100,000 25-year repayment mortgage, you'll pay £561 per month.
take out a repayment mortgage I recommend that she takes out a repayment mortgage.
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endowment mortgage