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 Glossary   >   C   >   "Cashback" Definition   

        Cashback

A payment (either a fixed or a percentage of the mortgage amount) offered by some lenders as an incentive to borrow from them. Sometimes there are redemption penalties associated with these types of deals.

A sales incentive, commonly used on mortgages, which gives customers a cash sum as soon as the deal is signed. Typically linked to heavy redemption fees.

Cashback


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Cashback - A payment (either a fixed or a percentage of the mortgage amount) offered by some lenders as an incentive to borrow from them. Sometimes there are redemption penalties associated with these types of deals.

A sales incentive, commonly used on mortgages, which gives customers a cash sum as soon as the deal is signed. Typically linked to heavy redemption fees.


Cashback : a payment (either a fixed or a percentage of the mortgage amount) offered by some lenders as an incentive to borrow from them. sometimes there are redemption penalties associated with these types of deals.

a sales incentive, commonly used on mortgages, which gives customers a cash sum as soon as the deal is signed. typically linked to heavy redemption fees.