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Meaning of repayment mortgage | Babel Free

Noun CEFR B2

Definitions

A type of mortgage (typically a loan to buy a house) in which, over the term of the loan, the borrower gradually repays the loan principal, in addition to paying interest, so that at the end of the term the principal is wholly repaid.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

Repayments Repays repchad repdigit repeal repealability

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