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GEM (growing equity mortgage)

Mortgage in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.


In numismatics, a high quality coin. These coins may be valuable as collector's items, though they are illiquid assets. It may also refer to the beauty of the coin regardless of quality.

growing equity mortgage (GEM)

A home loan arrangement in which the payments are increased each year by a specific amount,with the additional money credited to additional principal reduction. As a result, the loan is paid in full earlier than the normal amortization period.The FHA-
insured GEM program is called a 245(a) loan.

References in periodicals archive ?
The buyers would get these precious stones direct from big merchants at lower prices, he said.
Balochistan and Northern Areas which are rich in precious stones.
The other four shoes in the collection are also adorned with precious stones and inspired by royalties, including Princess Diana, Grace Kelly, Cleopatra and French empress Josephine.
Meanwhile, her colourful extravaganza has named her the Middle-East's guru of precious stones.
Customers can usher the new year by availing of a wide selection of exquisite jewellery designs in gold, diamond, uncut and precious stone studded jewellery, intricately crafted by our artisans.
Hashim Ali Salim called, during his chairmanship of the Ninth Regular Meeting of the Council of the Minister, for giving much concern to the mining of precious stones and encouragement of investment companies to engage into this field for the benefits of the precious stones in the country.
The man, who is at large, allegedly stole a bag containing the precious stones before handing it over to three other suspects who are also on trial for possessing the stolen stones.
This was stated by Sardar Hassan Jamot, the chief of HMC Stones, which markets and sells precious stones in Pakistan and China.
The owner of the company, a European national, said that after his return from abroad he was shocked to find the precious stones missing.
United States, China, United Arab Emirates, Germany, Hong Kong, United Kingdom, Canada, France, Thailand and Saudi Arabia are the top ten countries where precious stones have been exported during the three-year period.
A fine of between Dhs100,000 and Dhs500,000 will be imposed on any authorised institution found issuing certificates for precious stones and metals showing incorrect information.
Official Chinese import data from 2014 indicates more than $12 billion precious stones were imported from Myanmar - the vast majority jade - dwarfing Myanmar's official figures.