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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 ?
For reviving the gemstone industry, serious efforts of the government are urged for making the country a global market: Geological mapping and survey of the areas having gemstone deposits, introducing advanced technology, improved methods of mining, establishment of trading houses and formation of cutting/refining centers and gem training facilities (providing cutting, gemology, designing and manufacturing trainings) in major cities, strict quality control, establishing gem labs for certification, effective marketing, exhibition, showcasing and developing infrastructure for facilitation e.
Jeff McIntyre, Gemstone's principal, noted that in aligning the two companies, Gemstone will open a Miami office, and that he and Prins will continue to lead the company, overseeing all aspects of the portfolio's operation.
A female customer recently asked for a ring with a gemstone on which she could write the Qur'an because her sheikh had advised her to do so," he said.
The demand of Pakistani gemstones continues to grow rapidly in the international market and there is a need to exploit the country's natural reserves and to create a substantial niche.
Gemstone facials will tone the skin, promote blood circulation, support the epidermal layer renewal process, exfoliates and cleanses the skin and provide the skin with a radiant glow, she said.
No money changed hands in the transaction, Gemstone alleged, because the trust and Mr.
Azul Systems, Inc, a provider of enterprise server appliances, and GemStone Systems, a provider of distributed data management and virtualisation solutions, announced on Tuesday (13 November) an alliance to deliver scalable and available data grids for Extreme Transaction Processing (XTP).
Such action could assist with tackling issues of tax evasion through undervaluation, money laundering through overvaluation, and gemstone smuggling through misdescription, all mechanisms employed by transnational organized criminals, that well-informed frontline officers could truncate or disrupt.
Twenty-five years ago you could not get an Ontario amethyst gemstone ring," Steve says.
Elements in the center of the periodic table tend to color minerals, making many ordinary minerals into gemstones (hard, colorful minerals)," says Mickey Gunter, a mineralogist at the University of Idaho.
The International Colored Gemstone Association (ICA; New York) announced that it has launched "InColor," a new magazine that replaces the association's two decade-old "ICA Gazette" newsletter.
Because there's so many factors unique to colored gemstone buying and selling; from tips on evaluating color and understanding the differences between a natural and an enhanced gem to recognizing the signs of fraud and misrepresentation in the colored gemstone world, and determining value.