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reverse mortgage Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for reverse mortgage
  • If you're attached to where you live, you can get a reverse mortgage.
  • Under a term reverse mortgage, the borrower is provided with income for a specified period.
  • Sales of insurance products in connection with reverse mortgage loan transactions.
Contemporary definitions for reverse mortgage

a type of loan, esp. for a retired or elderly persons, in which tax-free payments are borrowed from and up to the full equity in a home; also called reverse annuity mortgage , [home equity conversion mortgage]

Word Origin

1977-82's 21st Century Lexicon
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