| 释义 |
equity withdrawal Raising a new or increased mortgage for some purpose other than buying or improving the mortgaged property. This is sometimes criticized as leading to excessive consumption; it may, however, be used as a means of raising capital to start or expand a business, which could benefit the economy. In other cases it is a means of raising a cheaper, secured, loan to pay off unsecured debts already incurred and paying a higher interest rate. |