I've heard the term RAM in computers, but recently I encountered it in a financial context. What does RAM mean when it's related to money? Is it some kind of financial instrument or a specific term in the financial world?
7 answers
GwanghwamunGuardianAngel
Wed Nov 27 2024
RAM represents reverse annuity mortgage.
Valentina
Wed Nov 27 2024
It is a unique form of mortgage arrangement.
Eleonora
Wed Nov 27 2024
In this setup, the lender provides funds to the borrower.
JejuSunshine
Wed Nov 27 2024
The disbursement occurs over an extended period.
HanRiverVision
Tue Nov 26 2024
The primary objective is to offer regular income.