repayment mortgage

noun

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.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounrepayment mortgage (plural repayment mortgages)

plural repayment mortgages

  1. businessA 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.
Cite this entry
APA

repayment mortgage. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/repayment%20mortgage

MLA

“repayment mortgage.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/repayment%20mortgage. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “repayment mortgage,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/repayment%20mortgage.

Source: repayment mortgage on Wiktionary, CC BY-SA 4.0.