Gem

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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.

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.

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 ?
They might, in fact, actually undertake the project sketched by Reverend Frazer in his report to the colonial government, which takes Gemmy as a rough but promising model of the ideal future inhabitant.
They suspect him of collusion with the blacks, and their fear, like that of the Tomis villagers, drives Gemmy from their midst into an uncertain future which may or may not end in death.
So, why is the balancing act which Gemmy tries and Reverend Frazer envisions beyond the capacities of Lachlan, Janet, or anyone else in the novel?
There is a clue here in the word spirit to the other way in which Gemmy belongs in two different worlds, and the link which makes it clear is, somewhat unexpectedly, William Golding's fiction, in particular his novel Darkness Visible.
7) And why does Matty, who shares a number of features with Gemmy Fairley, apparently spawn other postcolonial angels?
So, if we see Darkness Visible as an intertext of Remembering Babylon, then we are justified in reading Gemmy in the context of Matty, and indeed of Simon.
It is the stick Lachlan is using as a hunter's gun raised toward Gemmy, "with a belief in the power of the weapon he held that he knew was impossible and might not endure," which prompts Gemmy's cry of "Do not shoot" and crystallizes their relationship.
For Andy McKillop, another of society's victims, but a resentful one, the visit of two Aborigines to Gemmy one day is an opportunity to let his mixture of paranoia and chronic mendacity give him a chance to improve his status by claiming that the "fucken blacks" have brought Gemmy a stone:
18) By contrast, what the Aborigines in fact bring Gemmy is a reminder of the power of their own vision of the land:
But it is not Gemmy who can achieve this reconciliation, nor any of the men in the settlement.
The Gemmys collection includes pieces recognized by The Academy of Fine Jewelry Design," says Charles Septer, Senior Vice-President of Jewelry Merchandising at Service Merchandise.