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Meaning of "endowment mortgage" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF ENDOWMENT MORTGAGE

endowment mortgage play
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GRAMMATICAL CATEGORY OF ENDOWMENT MORTGAGE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Endowment mortgage is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES ENDOWMENT MORTGAGE MEAN IN ENGLISH?

Endowment mortgage

An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more endowment policies. The phrase endowment mortgage is used mainly in the United Kingdom by lenders and consumers to refer to this arrangement and is not a legal term. If the individual dies during the endowment mortgage period then the mortgage provider retains the property. The borrower has two separate agreements. One with the lender for the mortgage and one with the insurer for the endowment policy. The arrangements are distinct and the borrower can change either arrangement if they wish. In the past the endowment policy was often taken as an additional security by the lender. That is, the lender applied a legal device to ensure the proceeds of the endowment were made payable to them rather than the borrower; typically the policy is assigned to the lender. This practice is uncommon now.

Definition of endowment mortgage in the English dictionary

The definition of endowment mortgage in the dictionary is an arrangement whereby a person takes out a mortgage and pays the capital repayment instalments into a life assurance policy and only the interest to the mortgagee during the term of the policy. The loan is repaid by the policy either when it matures or on the prior death of the policyholder.

WORDS THAT BEGIN LIKE ENDOWMENT MORTGAGE

endotherm
endothermal
endothermic
endothermically
endothermism
endothermy
endotoxic
endotoxin
endotracheal
endotracheal anaesthesia
endotrophic
endotrophic mycorrhiza
endow
endower
endowment
endowment assurance
endowment insurance
endowment policy
endowments
endozoic

WORDS THAT END LIKE ENDOWMENT MORTGAGE

baggage
carry-on luggage
chattel mortgage
disengage
emotional baggage
engage
first mortgage
gage
hand baggage
hand luggage
joint mortgage
left luggage
low-start mortgage
luggage
mortgage
pension mortgage
re-engage
remortgage
repayment mortgage
second mortgage

Synonyms and antonyms of endowment mortgage in the English dictionary of synonyms

SYNONYMS

Translation of «endowment mortgage» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF ENDOWMENT MORTGAGE

Find out the translation of endowment mortgage to 25 languages with our English multilingual translator.
The translations of endowment mortgage from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «endowment mortgage» in English.

Translator English - Chinese

养老按揭
1,325 millions of speakers

Translator English - Spanish

hipoteca de dotación
570 millions of speakers

English

endowment mortgage
510 millions of speakers

Translator English - Hindi

बंदोबस्ती बंधक
380 millions of speakers
ar

Translator English - Arabic

الوقف الرهن العقاري
280 millions of speakers

Translator English - Russian

пожертвований ипотеки
278 millions of speakers

Translator English - Portuguese

hipoteca endowment
270 millions of speakers

Translator English - Bengali

এন্ডোউমেন্ট বন্ধকী
260 millions of speakers

Translator English - French

dotation hypothécaire
220 millions of speakers

Translator English - Malay

Gadai janji hayat
190 millions of speakers

Translator English - German

Stiftung Hypothek
180 millions of speakers

Translator English - Japanese

養老住宅ローン
130 millions of speakers

Translator English - Korean

기부 모기지
85 millions of speakers

Translator English - Javanese

Hipotek endowmen
85 millions of speakers
vi

Translator English - Vietnamese

thế chấp các khoản hiến tặng
80 millions of speakers

Translator English - Tamil

அடமான அடமானம்
75 millions of speakers

Translator English - Marathi

सावधी गहाण
75 millions of speakers

Translator English - Turkish

Bağış ipoteği
70 millions of speakers

Translator English - Italian

dotazione mutuo
65 millions of speakers

Translator English - Polish

obdarowanie hipotecznych
50 millions of speakers

Translator English - Ukrainian

пожертвувань іпотеки
40 millions of speakers

Translator English - Romanian

dotare ipotecare
30 millions of speakers
el

Translator English - Greek

προικοδότηση των ενυπόθηκων δανείων
15 millions of speakers
af

Translator English - Afrikaans

uitkeerpolis verband
14 millions of speakers
sv

Translator English - Swedish

kapitalförsäkring inteckning
10 millions of speakers
no

Translator English - Norwegian

begavelse boliglån
5 millions of speakers

Trends of use of endowment mortgage

TRENDS

TENDENCIES OF USE OF THE TERM «ENDOWMENT MORTGAGE»

The term «endowment mortgage» is used very little and occupies the 174.482 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Rarely used
18
/100
The map shown above gives the frequency of use of the term «endowment mortgage» in the different countries.
Principal search tendencies and common uses of endowment mortgage
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «endowment mortgage».

FREQUENCY OF USE OF THE TERM «ENDOWMENT MORTGAGE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «endowment mortgage» during the past 500 years. Its implementation is based on analysing how often the term «endowment mortgage» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about endowment mortgage

EXAMPLES

10 ENGLISH BOOKS RELATING TO «ENDOWMENT MORTGAGE»

Discover the use of endowment mortgage in the following bibliographical selection. Books relating to endowment mortgage and brief extracts from same to provide context of its use in English literature.
1
The Law of Investor Protection
The endowment mortgage is the classic example of an interest-only 9-002 mortgage packaged with an investment product. Under this type of mortgage, the borrower is required to maintain an endowment policy on his own life for a term of  ...
‎2003
2
Insurance Glossary:
Back | Home | Up | Next An endowment mortgage is a mortgage arranged on an interest-only basis where the capital is intended to be repaid by one or more endowment policies. The phrase endowment mortgage is used mainly in the United ...
Nicolae Sfetcu, 2014
3
Personal Finance and Investments: A Behavioural Finance ...
An endowment mortgage involves paying interest only on the mortgage debt, which is paid off at maturity from the proceeds of an endowment policy.The equation for an endowment is: M p[(1y)T 1]/ y where M sum to be accumulated p periodic ...
Keith Redhead, 2008
4
na
ENDOWMENT MORTGAGE Generally An endowment mortgage, by contrast, operates on the basis that the borrower will repay only interest on the money which he has borrowed from the lending institution and never pays a penny of the  ...
5
Studies in Building Society Activity 1982-83
Borrowers with an endowment mortgage frequently arrange a combination of annuity and endowment loans when they move house, with any additional amount borrowed repaid by the annuity method. The most striking feature of the table is ...
Mark Boleat ed.
6
Managing your money
The most usual are: • Endowment mortgages • Pension mortgages Endowment Mortgages An endowment mortgage means that you take out an endowment life assurance policy for the term of the loan and for the amount you borrowed.
John Whiteley, 2007
7
Mortgage Market (RLE Banking and Finance): Theory and ...
Monthly repayments under the two types of system are now broadly similar, but each has its advantages and disadvantages. The endowment mortgage offers the possibility of a lump sum at the end of the term, even after the debt has been ...
Mark J. Boleat, Adrian Coles, 2012
8
Investing in Mortgage Securities
Although one is protected from increases in interest rates. one also will not benefit from any decreases in market rates. Interest rate collar variants of this mortgage are available too. An endowment mortgage is also an interest-only mortgage.
Laurence G. Taff, 2002
9
A Practical Approach to Conveyancing
... without dependants who is looking for the lowest monthly mortgage cost would be well advised to consider this type of mortgage. Endowment mortgage An endowment mortgage is generally more expensive than an ordinary repayment.
Robert Abbey, Mark Richards, 2013
10
Conveyancing Law & Practice
The policy can then be used to support an endowment mortgage on the new home. However, another disadvantage, if a more expensive property is bought with a larger loan an additional endowment policy will have to be taken out to cover ...
Michael Harwood, 1996

10 NEWS ITEMS WHICH INCLUDE THE TERM «ENDOWMENT MORTGAGE»

Find out what the national and international press are talking about and how the term endowment mortgage is used in the context of the following news items.
1
Tributes to Peterborough man killed in London 7/7 bombings …
At the time of the terrorist attack Mr Adams had recently started a new job as an endowment mortgage advisor for Deloittes, in The Strand. «Peterborough Telegraph, Jul 15»
2
Nottingham eviction fight man Tom Crawford charged
Mr Crawford claimed he had paid off the endowment mortgage he took out in 1988, adding the terms were changed without his knowledge. «BBC News, Jul 15»
3
Aviva charges £7000 interest on a loan we didn't know about
Around 1990 we took out an endowment mortgage, the endowment element being provided at the time by Norwich Union, now Aviva. «The Guardian, Jun 15»
4
Shed Of The Week: Volvo 480 ES
... idea of living with mid-1980s advanced automotive electronics is about as appealing as the idea of signing up for an endowment mortgage. «Pistonheads.com, Jun 15»
5
Is equity release the answer to an interest-only shortfall?
In 2017/18 the FCA predicts that the first wave will hit, and be typified by those who took out a low cost endowment mortgage in the 1990s and ... «Mortgage Finance Gazette Online, Jun 15»
6
Rotten returns, rip-off fees, complex charges: Dinosaur accounts that …
Commission-hungry salesmen often sold them as a way to pay off the capital loan on an interest-only endowment mortgage or as pension ... «This is Money, May 15»
7
Margaret Thatcher's deregulation of the City a myth, says thinktank
I bought an endowment mortgage, signed up for "retire at 50 private pension plans" and platinum credit cards. I watched people give up their ... «The Guardian, May 15»
8
Nottingham's Tom Crawford loses eviction battle
Mr Crawford, 64, who has been treated for cancer, claimed he had paid off the endowment mortgage he took out in 1988, but the terms of his ... «BBC News, May 15»
9
Tom Crawford's eviction ruling delayed after court is mobbed by …
The cancer sufferer claims he has paid off the endowment mortgage he took out in 1988 and the terms of his mortgage were changed without ... «Daily Mail, May 15»
10
My golden years: Rowing champion Matthew Pinsent on how he …
Taking out an endowment mortgage in the early 1990s. It's going to mature in two or three years at about 50 per cent of the amount it was ... «This is Money, Apr 15»

REFERENCE
« EDUCALINGO. Endowment mortgage [online]. Available <https://educalingo.com/en/dic-en/endowment-mortgage>. Jun 2019 ».
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