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An agreement under which money is borrowed using one's home as collateral, to be repaid from the proceeds of its sale (usually on the owner's death).
Definition source: English Wiktionary via Wiktextract
Topics: business, finance
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
No etymology was provided for this word.
Across languages
Translations
4 source translations are retained for this English entry.
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Chinese Mandarin:
反向抵押貸款 /反向抵押贷款
(fǎnxiàng dǐyā dàikuǎn)
— agreement
-
Finnish:
käänteinen asuntolaina
— agreement
-
German:
Immobilienverrentung
— agreement
-
Hungarian:
jelzálogjáradék
— agreement