Examlex
When a lender uses your house as collateral to buy an annuity for you from a life insurance company, it is called:
87.5%
A numerical value representing 87.5 parts out of 100; often used in statistical or financial contexts.
Percent Reduction
The percentage by which a quantity is decreased, commonly used in sales and discount contexts.
Interest Rate
The percentage charged on a loan or earned through an investment, representing the cost or yield of capital.
25%
Represents a quarter or one-fourth of a total amount, often used to describe a portion, increase, or interest rate.
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