A specific agreement in which a homeowner can borrow money or access a loan based on the equity of their home. The arrangement allows monthly payments to be given to the borrower and is also referred to as a home equity conversion mortgage.

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