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Linear mortgage loan
A loan that is repaid with a variable term amounts until the loan is repaid. The installment remains constant, while the interest component is variable
Pronunciation
/ˈlɪniər ˈmɔrɡɪʤ loʊn/
/ˈlɪnɪə ˈmɔːɡɪʤ ləʊn/
Categories
mortgage loan
financial product