[ shaird-uh-pree-shee-ey-shuhn ]
/ ˈʃɛərd əˌpri ʃiˈeɪ ʃən /
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
GEE WHILLIKERS! WAIT TILL YOU SEE THIS WORD OF THE DAY QUIZ!
Do you remember all the words from last week, September 21–27, 2020? Then this quiz should be butyraceous.
Question 1 of 7
What does “yare” mean?
Words nearby shared-appreciation mortgage
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020