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addaword.gifdefinition of home loan modification

noun
a permanent change in mortgage terms which results in more affordable payments for the borrower in order to avoid a foreclosure (ie the bank or building society taking over the property)
Home loan modification is one way that you can definitely avoid foreclosure.
Submitted on 31/07/2009 14:43:00
Definition of home loan modification from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

vocal fry

a speech habit in which a speaker lowers their voice at the end of a sentence

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glottal stop

a sound made by stopping air as it passes through your throat. In some varieties of spoken...