Financial Definition of Rams (Reverse-Annuity Mortgages)
Meaning of Rams (Reverse-Annuity Mortgages)
Mortgages in which the bank makes a loan for an amount equal to a percentage of the appraisal value of the home. The loan is then paid to the homeowner in the form of an annuity.
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Rams (Reverse-Annuity Mortgages) in Historical Law
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