} } Equity-conversion | Define Equity-conversion at Dictionary.com

follow Dictionary.com

How Well Do You Know English Slang?

equity conversion

reverse annuity mortgage

noun
1.
a type of home mortgage under which an elderly homeowner is allowed a long-term loan in the form of monthly payments against his or her paid-off equity as collateral, repayable when the home is eventually sold.
Abbreviation: RAM.
Also called equity conversion, reverse mortgage.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source

Word of the Day

Difficulty index for equity conversion

Few English speakers likely know this word

Word Value for equity

18
18
Scrabble Words With Friends

Quotes with equity-conversion