reverse annuity mortgage

noun

variants or reverse mortgage
: a loan against home equity that provides an annuity to the homeowner and is repayable at the time the home is sold

Word History

First Known Use

1969, in the meaning defined above

Time Traveler
The first known use of reverse annuity mortgage was in 1969

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Dictionary Entries Near reverse annuity mortgage

reverse

reverse annuity mortgage

reverse arms

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Cite this Entry

“Reverse annuity mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reverse%20annuity%20mortgage. Accessed 26 Nov. 2024.

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