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pension mortgage Line breaks: pen|sion mort|gage

Entry from British & World English dictionary

Definition of pension mortgage in English:

noun

A mortgage in which the borrower repays interest only and also contributes to a pension plan designed to provide an eventual tax-free lump sum, part of which is used to repay the capital at the end of the mortgage period and the rest to provide a pension for the borrower’s retirement.

Definition of pension mortgage in:

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Word of the day fortissimo
Pronunciation: fɔːˈtɪsɪməʊ
adverb
(especially as a direction) very loud or loudly