What does RAM stand for?

Reverse Annuity Mortgage

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

Reverse annuity mortgages pay an annuity while equity decreases.

Secrets of Mortgages Explained

In addition, estimation results for consumption functions with respect to various kinds of wealth suggest that the annuitization of wealth because of the maturing of public pensions and the introduction of reverse annuity mortgages is likely to further decrease the savings rate in the future.

Chun

ALEC pointed out that people 62 and older can obtain a reverse annuity mortgage that gives them either a lump sum or monthly payments indefinitely as long as they remain in their home.

States may be creating long-term care problems

Further, as mentioned in our attached technical comments, the definition of negative amortization may have the unintended consequence of restricting reverse annuity mortgages because the balance on these loans increases with the payouts to the elderly borrower over the loan term.

Statements to the Congress

Reverse annuity mortgages, also known as home equity conversion mortgages, or reverse mortgages, were developed to address this need.

A mortgage for the 21st Century

Takayama also points to the need of older Japanese to liquidate home assets by using equity conversion schemes, such as reverse annuity mortgages.

U.S./Japan conference on aging