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Preferred term

reverse-equity mortgage  

Definition

  • During the 1980s, the U.S. financial system was deregulated in a number of ways. One of the fundamental changes occurred in the freedom that financial institutions received for the first time since the 1930s to develop new and innovative products. [Source: The Encyclopedia of Housing; Reverse-Equity Mortgage]

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https://concepts.sagepub.com/social-science/concept/reverse-equity_mortgage

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