Glossary entry (derived from question below)
French term
viager
Merci
4 +3 | life annuity | Jean-Louis S. |
4 | reverse mortgage (US) or (lifetime mortgage UK) | joehlindsay |
3 | life tenancy (lease for life) | Ellen Kraus |
Multi-disciplinary dictionary | Anthony Lines (X) |
Oct 13, 2008 20:56: Gayle Wallimann changed "Term asked" from "VIAGER" to "viager"
Oct 27, 2008 06:02: Jean-Louis S. Created KOG entry
Non-PRO (1): writeaway
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Proposed translations
life annuity
agree |
Tony M
: Very often need to use it as 'life annuity sale'
12 mins
|
Merci Tony!
|
|
agree |
Bourth (X)
: But make it clear that ownership is not obtained and the buyer does not get to occupy the house until the seller is dead, in principle.
2 hrs
|
Merci Bourth!
|
|
agree |
writeaway
: in a 'viager libre', buyer can move in but won't actually own it until the death of owner
5 hrs
|
Merci Writeaway!
|
life tenancy (lease for life)
neutral |
writeaway
: no, this is incorrect. It's a purchase, not a lease.
3 hrs
|
ok, if it´s a purchase. i couldnt be sure and thought the asker just gave an explanation of the French term.
|
reverse mortgage (US) or (lifetime mortgage UK)
I believe the concept came to the States from France and earlier the French term 'en viager' was used.
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Note added at 1 day23 hrs (2008-10-15 18:35:04 GMT)
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also foe viager see investopedia
http://www.investopedia.com/terms/v/viager.asp
Reference comments
Multi-disciplinary dictionary
agree |
Jean-Louis S.
: This is great!
13 mins
|
agree |
writeaway
: viager is a very common term, here in Belgium as well. There is lots of info on the www.
4 hrs
|
Discussion