A home loan where there is a fixed payment schedule. Borrowers cannot repay a loan in full without having to pay a penalty charge if they do so before the term of the mortgage has expired.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser