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.
The Funding Process for a Mortgage. A mortgage loan is an arrangement in which a lender provides a borrower with money; the loan is secured by real property--a house--and paid by the borrower in installments over a designated time period. Whether you are purchasing a home or refinancing an existing home loan, the funding process is essentially the same.