endowment mortgages

A form of endowment mortgage — A type of mortgage (typically a loan to buy a house) where, over the term of the loan, the borrower's regular payments to the lender cover only the interest charged by the lender. At the same time, the borrower makes regular payments into a separate savings or investment plan. When this plan matures, the borrower uses the proceeds to repay the principal of the loan.

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Meanings

noun
  1. pluralplural of endowment mortgage
Cite this entry
APA

endowment mortgages. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/endowment%20mortgages

MLA

“endowment mortgages.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/endowment%20mortgages. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “endowment mortgages,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/endowment%20mortgages.

Source: endowment mortgages on Wiktionary, CC BY-SA 4.0.