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.
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pledged account mortgage (PAM) is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
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http://www.businessdictionary.com/definition/pledged-account-mortgage-PAM.html







