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单词 term mortgage
释义

term mortgage

Definition
Short-term (usually for five years or less) standing mortgage in which (unlike in a term loan) the loan is not amortized over a fixed period but only interest is paid over the term of the loan. When the loan term ends (mortgage matures) the principle becomes payable as a lump sum called balloon payment.
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更新时间:2025/4/17 0:59:07