graduated payment mortgage

A mortgage whose initial payments are lower than its later payments.

• The payments are intended to gradually increase, as the borrower’s income increases over time.

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词条贡献者

资深译员Gianluca，毕业于亚洲顶尖的高级翻译学院，专注翻译各种与清洁与可再生能源有关的法律文件。