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Home > Terms > English, UK (UE) > Reverse annuity mortgage (RAM)
Reverse annuity mortgage (RAM)
A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home as Satisfaction of Mortgage: the document issued by the mortgagee when the mortgage loan is paid in full.
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- Part of Speech: noun
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- Industry/Domain: Real estate
- Category: General
- Company: Century 21
- Product:
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