HONGKONGDIR

HOMECompaniesDictionaryFAQs

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.