Reverse Mortgage

A type of loan where an individual borrows against the value of their home and does not have to pay back the principal until the individual sells the home or leaves the home permanently.

More Common Terms

  • Discharge Planner A social worker or nurse who assists a patient with health care arrangements following a hospital stay.
  • Transfer Devices Lifts, seat lift chairs, transfer boards and other devices which help individuals who have physical disabilities move into and out of their vehicles, wheelchairs and other mobility systems.
  • Administration on Aging (AoA) The federal agency that administers the Older Americans Act. It provides resources and education to older Americans and their caregivers.

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