English

Definition of endowment mortgage noun from the Oxford Advanced Learner's Dictionary

 

endowment mortgage

 noun
noun
BrE
 
; NAmE
 
(British English)
 
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a type of mortgage (= money borrowed to buy property) in which money is regularly paid into an endowment policy. At the end of a particular period of time this money is then used to pay back the money that was borrowed compare repayment mortgage