pension mortgage
noun
an arrangement whereby a person takes out a mortgage and pays the capital repayment instalments into a pension fund and the interest to the mortgagee. The loan is repaid out of the tax-free lump sum proceeds of the pension plan on the borrower's retirement
Words nearby pension mortgage
penshurst place,
pensil,
pensile,
pension,
pension fund,
pension mortgage,
pension off,
pension plan,
pensionary,
pensioneer trustee,
pensioner