endowment mortgage
endowment mortgage noun: a type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan.
Noun
endowment mortgage (plural endowment mortgages)
- A type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan.
Forms of endowment mortgage
| plural | endowment mortgages |
|---|
Questions about endowment mortgage
- What does endowment mortgage mean?
- Endowment mortgage means a type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan.
- What part of speech is endowment mortgage?
- Endowment mortgage is a noun.
- What is the plural of endowment mortgage?
- The plural of endowment mortgage is endowment mortgages.
Words near endowment mortgage in the dictionary
Source and license
Adapted from Wiktionary: endowment mortgage (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “endowment mortgage.” Word.ws, https://word.ws/endowment_mortgage. Based on Wiktionary, CC BY-SA 4.0.