Solutions are homogeneous (single-phase) mixtures of two or more components. They are ex- tremely important in Chemistry because they allow intimate and varied encounters between
DEFINITION of 'Endowment Loan'. A type of mortgage in which the borrower makes only interest payments on the mortgage, while payments that would have gone to repay the principal are instead funneled into an endowment fund. Under an endowment loan, the borrower does not repay the principal until the mortgage expires. type of mortgage in which the borrower makes only interest payments on the mortgage, while payments that would have gone to repay the principal are instead funneled into an endowment fund.
Mortgage backed securities (MBS) are also known as mortgage derivatives and mortgage-backed bonds. They are a form of investment that is based upon the mortgages of home buyers. As such, they affect the mortgage interest rate and can also have a significant effect on the economy if they go wrong (more on that later.)