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Mortgage Interest Relief

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Mortgage Interest Relief
A program in Ireland providing a tax benefit for a portion of the interest that one pays on a mortgage. One is able to reduce the amount of one's monthly mortgage payment to the bank by the amount of the benefit; the government reimburses the bank. The program is intended to promote home ownership.


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