Endowment Mortgage

ISA Mortgage
An ISA mortgage is a type of interest-only mortgage where the borrower only pays interest and invests in an Individual Savings Account (ISA) to eventually repay the capital.
Mortgage
A mortgage is a legal agreement by which a sum of money is lent to a borrower for purchasing property, with the property serving as collateral. The borrower is the mortgagor, and the lender is the mortgagee.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.