HONGKONGDIR
HOME
Companies
Dictionary
FAQs
Home
»
Dictionary
»
RealEstate
» pledged account mortgage (PAM)
Pledged Account Mortgage (PAM)
Definition
A loan tied to a pledged savings account for which the fund and earned interest are used to reduce mortgage payments gradually.
Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.