endowment mortgage
noun/ɪnˈdaʊmənt mɔːɡɪdʒ/
/ɪnˈdaʊmənt mɔːrɡɪdʒ/
(British English)- 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
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endowment mortgage