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buy-down

[bahy-doun] /ˈbaɪˌdaʊn/
noun
1.
a subsidy for a long-term mortgage offered by a third party, as a builder or developer, to lower interest rates for a buyer in the early years of the loan.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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  • The instructions for interest buy-down escrows, as set forth in.

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