The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

TERM MORTGAGE Definition & Legal Meaning

Definition & Citations:

Short term , 5 years or less, standing mortgage where the loan is amortized over a set period but interest is paid for the term of the loan


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.