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Dictionary


buy-down



Pronunciation: (bī'doun"), [key]
—n.
a subsidy for a long-term mortgage offered by a third party, as a builder or developer, to lower interest rates for a buyer in the early years of the loan.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

buy boatbuyer

 

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