I've encountered the term RAM in a financial context and I'm wondering what it stands for. Typically, I associate RAM with computer memory, but I'm guessing it has a different meaning when related to money.
5 answers
Michele
Wed Nov 27 2024
This financial instrument functions as a unique type of mortgage.
SamuraiCourageous
Wed Nov 27 2024
In a Reverse Annuity Mortgage, the lender dispenses funds to the borrower over an extended duration.
Daniele
Wed Nov 27 2024
The primary recipients of this type of mortgage are generally elderly individuals.
Bianca
Wed Nov 27 2024
The primary objective of a Reverse Annuity Mortgage is to furnish the borrower with a steady stream of income.
Raffaele
Wed Nov 27 2024
RAM represents Reverse Annuity Mortgage.