conventional mortgage

glossary / conventional mortgage
A mortgage, not backed by government insurance, by which the borrower transfers a lien or title to the lending bank or other financial institution.

• These mortgages, which feature a fixed periodic payment of principal and interest throughout the mortgage term, are typically used for home financing.

— Also termed conventional loan.

专业法律词汇 词条贡献者
双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。

相关词汇

conventional mortgage

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conventional mortgage (1)约定抵押 指双方当事人以合同方式约定，一方为担保某一行为的完成而将其财产之一部或全部设定抵押，但不移转财产的占有。它区别于法定抵押〔legal mortgage〕，后者系指在某些案件中，未经当事人约定，仅以法律规定而使债权人对债务人的财产所享有的特权。 (2)〈美〉普通抵押 指未受政府保险支持的抵押，而由借款人将其留置权或附解除条件的所有权直接向贷款银行或其他金融机构进行转让。典型例子即为住房融资。 (→conventional home mortgage)

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