pledged account mortgage (PAM)

  

Definition

Mortgage loan in which the repayment settlements are supplemented by the interest income and/or funds drawn from a savings account, pledged as an additional collateral.

Related Videos




http://www.businessdictionary.com/definition/pledged-account-mortgage-PAM.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z