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The American Heritage Dictionary of Business Terms » growing-equity mortgage
growing-equity mortgage
growing-equity mortgage definition - business
growing-equity mortgage
A mortgage loan with a fixed interest rate and payments that are scheduled to periodically increase in order to retire the principal more rapidly.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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