Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,512,319 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

GPM

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.02 sec.
GPM

GPM
ISO 4217 code for the German papiermark. It was introduced in 1914, when the mark's peg to gold was abandoned. The papiermark is strongly associated with hyperinflation as prices rose exponentially following World War I. In 1924, it was replaced by the Rentenmark at a ratio of 1 trillion to one.

Graduated Payment Mortgage (GPM)

A mortgage on which the payment rises by a constant percent for a specified number of periods, after which it becomes fully-amortizing.

As an example, the payment might increase by 7.5% every 12 months for 60 months, after which it is constant for the remaining term. GPMs had a brief flurry in the 1980s but then largely disappeared.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
With a GPM the payments are usually fixed for one year at a time.
Model 405-rated at 400 hp-has flows that range from 25 gpm to 74 gpm.
aCcents Blended GPM of 60-65% aCcents Profitable past 3 yrs.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 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.