repayment mortgage
noun
The definition of a repayment mortgage is a financial term used in the United Kingdom to mean a loan for a home where a part of the principal is paid back each month along with interest fees.
An example of a repayment mortgage is a loan payment plan on which the principal decreases throughout the term of the loan.
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"repayment mortgage." YourDictionary, n.d. Web. 21 September 2018. <http://www.yourdictionary.com/repayment-mortgage>.
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repayment mortgage. (n.d.). Retrieved September 21st, 2018, from http://www.yourdictionary.com/repayment-mortgage
