TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

BUY DOWN [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1996-10-18

English

Subject field(s)
  • Real Estate
  • Loans
DEF

An arrangement whereby the seller of a property agrees with the lender to prepay a portion of the interest on the purchaser's loan. This allows the purchaser to assume a mortgage debt at an interest rate lower than the current or stated rate.

Key term(s)
  • buy down a mortgage
  • buy down value

French

Domaine(s)
  • Immobilier
  • Prêts et emprunts
OBS

«achat d'une réduction d'intérêt» : Terme utilisé par la Société canadienne d'hypothèques et de logements depuis 1979.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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