endowment mortgage

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noun

an arrangement whereby a person takes out a mortgage and pays the capital repayment instalments into a life assurance policy and only the interest to the mortgagee during the term of the policy. The loan is repaid by the policy either when it matures or on the prior death of the policyholder

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Words nearby endowment mortgage

endow, endowed, endowment, endowment assurance, endowment insurance, endowment mortgage, endozoic, endpaper, endpin, end plate, endplay

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

How to use endowment mortgage in a sentence

A Colorado-based full- service residential mortgage banking company.
The 26 Next Hobby Lobbys|Abby Haglage|December 17, 2014|DAILY BEAST
She also insists she was not “financially involved” with the down payment or mortgage payments on the property.
The Crazy Oregon Governor Race Just Got Crazier|Tim Mak|October 14, 2014|DAILY BEAST
The schools endowment grew from $114 million to $472 million.
Stars and Bars on Cars in Texas|Robert Khayat|July 28, 2014|DAILY BEAST
Eventually, Cuomo entered the Clinton administration, and as HUD secretary sowed the seeds of the subprime mortgage catastrophe.
Andrew Cuomo’s Do-Gooders Done Wrong|Lloyd Green|July 28, 2014|DAILY BEAST

Colorado-based full-service residential mortgage banking company.
After Hobby Lobby, These 82 Corporations Could Drop Birth Control Coverage|Abby Haglage|June 30, 2014|DAILY BEAST
But for the most part even industry and endowment were powerless against the inertia of custom and the dead-weight of environment.
The Unsolved Riddle of Social Justice|Stephen Leacock
She was a woman of great intellectual endowment, with highly cultivated literary tastes.
Fifty Years of Railway Life in England, Scotland and Ireland|Joseph Tatlow
By the common law nothing could be mortgaged that was not in existence at the time of the mortgage.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
A mortgage made of an unfinished article will hold the article when finished if it can be identified.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
Two or more creditors may join in such a mortgage to secure their separate debts.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles