Financial

Gem

Also found in: Dictionary, Medical, Acronyms, Idioms, Encyclopedia, Wikipedia.
(redirected from gems)

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Gem

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Mentioned in
References in periodicals archive
The 4lb Gem of Tanzania was reportedly worth pounds 11m when it was listed as an asset of Wrekin Construction - the firm given the pounds 4m Square contract.
'pounds 11m gem' may be worth pounds 100
Queer Mythologies The Original Stageplays of Pam Gems is a significant contribution to Pam Gems' prolific published and unpublished writing which fills a void in the critical acclaim of Gems' dramaturgy, by being the first detailed critical analysis of her work until now.
Queer Mythologies The Original Stageplays of Pam Gems
The hunt for gems and precious metals is dirty, dangerous work.
Wearable art: planet- and people-friendly jewelry is gaining ground
Be sure to include information about the chemical properties of each of these gems.
Rockin' gems: find out how your birthstone transforms from a diamond in the rough to a dazzling gem
"We are pleased to be a partner with the City of New York to get zero emission GEMs in use around the city," said Larry Oswald, CEO of Global Electric MotorCars, the division of DaimlerChrysler that produces GEMs.
DAIMLERCHRYSLER DONATES ZERO-EMISSION GEM VEHICLES TO N.Y
Once an emerald leaves its country of origin and circulates around the world, the gem's provenance becomes murky.
New technique discerns emeralds' beginnings
He says that he plans to eventually replace other gas-powered vehicles with GEMs.
Charging ahead: with a GEM of an idea, the boys from Fargo, North Dakota, may have found the perfect niche for the electric car. (Product: Global Electric Motorcars)
A 500-kilogram bulk sample taken by the company revealed several gem and near-gem emeralds.
Exploration heats up following emerald discovery
Mr Dopson said about four pupils had been told not to wear tooth gems in the past.
Rebecca's tooth gem gets her sent home
In its windows and cases he eye-popping gems and crystals that prompt sighs and aaahhhs.
Crystals light
In the section just described no mention is made, for example, of the two major studies on antique gems in the Museo Archeologico in Florence (Giuliano, 1989; Tondo, 1990).
Guide to Research in Classical Art and Mythology
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.