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Word: buydown (lookup usage) (lookup stats)


Meaning:

Noun:

  • finance An accelerated repayment of the principal of a loan.
  • mortgage|_|finance 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.

Source: Wiktionary | Src Info »