GMC

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GMC

Guaranteed Mortgage Certificate

A mortgage-backed security issued by Freddie Mac. As with all mortgage-backed securities, the coupons on guaranteed mortgage certificates are paid out of the principal and interest on a pool of mortgages underlying the securities. However, GMCs have a guaranteed average life, meaning that Freddie Mac protects the investor from prepayment risk by guaranteeing principal and interest payments in the event that too many mortgage holders pay back their loans early, depriving the pool of interest it otherwise would have received. See also: collateralized mortgage obligation.
References in periodicals archive ?
This association of fate and doom with weaving (or spinning) is also present in Classical and Germanic mythology (see Graves for Classical mythology; Dronke; and both Augustyn items in the bibliography for Germanic mythology).
To be fair, Myeshkov's subject is the broader history of all Germanic settlers, but this specific example points to a larger problem.
insofar as they go back to Germanic *ban(n), *bannjan, *band, *bandwjan, the voiced stop d being lost (in final position) in the subset BAN n.
Germanic laws were seen as title deeds of Teutonic freedom and egalitarianism, with Lord Acton informing Cambridge students that the US Declaration of Independence could be dimly perceived in the ancient 'forests of Germany' (p.
However, the ongoing relationship between English, a Germanic language, and the Latin language and its descendants (mainly French), is historically unique.
All in all, this is a worthy new tool for the serious study of Germanic philology, but also a source of great enrichment for anyone learning Dutch.
He also has a few well-chosen lines on the evolution of modern interpretations of the Germanic peoples, and on the association of that interpretation with German nationalism in the nineteenth and twentieth centuries.
From Scottish, British and Germanic to American South and Asian accents, Fraser is entrancing.
When the first Germanic popes were elected in 996 (Bruno of Carinthia) and 999 (Gerbert of Aurillac) both assumed more "Roman" names--Gregory V and Sylvester II, respectively--out of deference to the prejudices of the Roman population (which unfortunately deprived the church of both a Pope Bruno and a Pope Bert).
00), Reading The Medieval Book: Word, Image, And Performance In Wolfram Von Eschenbach's Willehalm by Kathryn Starkey (Assistant Professor, Department of Germanic Languages, University of North Carolina--Chapel Hill), examines one of the most important epic poems in 13th Century Germany and its redaction in a richly illustrated manuscript created just fifty-five years after the poem's composition.
Eve is being sent on a mission to track a Nix, a Germanic demi-demon nymph who feeds off chaos.