Cryptocurrency Q&A What does RAM mean in money?

What does RAM mean in money?

SumoPowerful SumoPowerful Mon Nov 25 2024 | 5 answers 1184
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. What does RAM mean in money?

5 answers

Michele Michele Wed Nov 27 2024
This financial instrument functions as a unique type of mortgage.

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SamuraiCourageous SamuraiCourageous Wed Nov 27 2024
In a Reverse Annuity Mortgage, the lender dispenses funds to the borrower over an extended duration.

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Daniele Daniele Wed Nov 27 2024
The primary recipients of this type of mortgage are generally elderly individuals.

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Bianca Bianca Wed Nov 27 2024
The primary objective of a Reverse Annuity Mortgage is to furnish the borrower with a steady stream of income.

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Raffaele Raffaele Wed Nov 27 2024
RAM represents Reverse Annuity Mortgage.

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