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GEM
(redirected from gemmy)

   Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
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.

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.



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And that's all Texas-based Gemmy Industries needs to keep taking Billy to the bank because when your guest stops laughing, the next thing you'll hear is, "I've gotta have that.
Previously, Densing, publisher of Medical World News, and was to privately held corporations, Playtime Entertai Officer, comes to iCelebrate from Gemmy Industries Corporation.
Her designs are featured in the first show of "The Gemmy Awards" -- a series of half-hour programs hosted by Gary Collins and Mary Ann Mobley which highlight jewelry included in "The Gemmys" collection at Service Merchandise.
 
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