Speakur

Word Pronunciation & Dictionary

endowment mortgage

Word Rarity Rare

Frequency: 3.47 in modern English

Syllables
en-dow-men-t -mort-gage
IPA
27
Scrabble Score
17
Letters
6
Syllables
10
Unique Chars

Meaning

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.

Inflected Forms

endowment mortgages (plural)

Frequently Paired Words

repayment mortgage

Questions

What does endowment mortgage mean?
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.

How to pronounce endowment mortgage

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