English Explanatory Dictionary

buydown

English dictionary entry

Meanings

noun
  1. An accelerated repayment of the principal of a loan.
  2. A payment by a third-party to a lender to reduce some of all of the payments otherwise required, especially in first few years of the loan, thereby enhancing the apparent quality of the loan.

Word forms

buydown buydowns buy-down

Etymology

From buy + down.

Synonyms

prepayment accelerated lump sum amortization

Related words

buy down
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