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.
What does AM stand for?
AM stands for Annuity Mortgage
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of AM
We have 232 other meanings of AM in our Acronym Attic
- Amplitude Modulation
- Analog Maintenance (Nortel)
- Analog Multiplexer
- Analysis Manager
- Ancient Modulation (humor)
- Andi Mack (TV series)
- Anillo Metropolitano (Guatemala region)
- Animation Master (3d animation software)
- Annie Man (Hong Kong actress)
- Anno Mundi (Latin: in the year of the world)
Samples in periodicals archive:
The first decision that any potential buyers have to face is is whether to take out an annuity mortgage or endowment policy.
Almost none of this goes to long-term care, and reverse annuity mortgages don't sell, because Medicaid exempts the home - the government will pay.
In contrast to conventional Annuity mortgages where borrowers pay off the capital sum of the home loan plus the interest every month, with endowments the customer only pays off the interest.