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

repayment mortgage

noun
 
/rɪˈpeɪmənt mɔːɡɪdʒ/
 
/rɪˈpeɪmənt mɔːrɡɪdʒ/
(British English)
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  1. a type of mortgage in which you pay regular sums of money to the bank, etc. until you have returned all the money and interest that you owe compare endowment mortgage
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