Meaning REVERSE MORTGAGE: A mortgage agreement allowing a homeowner to borrow against home equity and receive tax-free payments until the total principal and interest reach the credit limit of equity, and the lender is either repaid in full or takes the house
More terms such as Reverse mortgage in Dictionary R.
- Definition Rocket Scientist:
- Examples An employee of an investment firm (often having a Ph.D. in physics or mathematics) that works on highly mathematic models of derivative pricing reverse mortgage definition.
- Definition Return Of Capital:
- Examples A cash distribution resulting from the sale of a capital asset, or securities, or tax breaks from depreciation reverse mortgage explain.
- Definition Resolution Trust Corporation (RTC):
- Examples established in 1989 and disbanded in 1996 that administered federal savings and loan institutions that were insolvent between 1989 and August 1992 by either bailing them out or merging them reverse mortgage what is.
- Definition Risk-Adjusted Return:
- Examples Return earned on an asset normalized for the amount of risk associated with that asset reverse mortgage meaning.
- Definition Rundown:
- Examples A summary of the amount and prices of a serial bond issue that is still available for purchase reverse mortgage abbreviation.
