Definitions for "Annuity Mortgage"
A type of mortgage securing something other than a specified dollar amount (i.e., a 1/3 crop share). This type of mortgage can be removed upon death of the annuitant; it need not be discharged.
More usually called a 'repayment mortgage', but sometimes referred to in these terms because of the make up of the payments i.e. as with some annuities, a mix of capital and interest.
Another term for a capital & interest repayment mortgage.