mortgage redemption insurance

noun

: insurance upon the life of a mortgagor providing for payment of any unpaid balance of the mortgage loan at the insured's death

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Dictionary Entries Near mortgage redemption insurance

Cite this Entry

“Mortgage redemption insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/mortgage%20redemption%20insurance. Accessed 18 May. 2024.

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