Buydown
Definition & Meaning
Part of speech noun
Quick meaning: Buydown is a noun meaning (finance) An accelerated repayment of the principal of a loan.
Meaning
(finance) An accelerated repayment of the principal of a loan.
More Meanings
- (mortgage finance) A payment by a third-party to a lender to reduce some of all of the payments otherwise required, especially in first few years of the loan, thereby enhancing the apparent quality of the loan.
Word Forms
- buydowns
- buy-down
Synonyms for buydown
Depending on context, synonyms include prepayment, accelerated.
Related Words
Related dictionary entries include down, dubdown, downing, downdoot, pourdown, downtick.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.