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Chris，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与卫星及航天技术诉讼有关的法律文件。