Gem

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Related to Precious stones: Semi precious stones

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 classic literature ?
Neither was all the dazzle of the precious stones, which flamed with their own light, worth one gleam of natural sunshine; nor could the most brilliant of the many-colored gems, which Proserpina had for playthings, vie with the simple beauty of the flowers she used to gather.
But, then, you must consider, my dear child, that this vast palace is apt to be gloomy (although the precious stones certainly shine very bright), and that I am not of the most cheerful disposition, and that therefore it was a natural thing enough to seek for the society of some merrier creature than myself.
A plaything let woman be, pure and fine like the precious stone, illumined with the virtues of a world not yet come.
The log walls of the barn and its snow-covered roof, that looked as if hewn out of some precious stone, sparkled in the moonlight.
Miserable women, whose faces never smile, haunt the butchers' shops in such London localities as these, with relics of the men's wages saved from the public-house clutched fast in their hands, with eyes that devour the meat they dare not buy, with eager fingers that touch it covetously, as the fingers of their richer sisters touch a precious stone.
For a very limited time you can view the sunken treasure and purchase a piece of history from a spectacular $5 million collection of "pieces of eight," gold chains, jewelry, precious stones, and solid gold bars.
KARACHI, September 01, 2009 (Balochistan Times): The Pakistan Gems and Jewellery Development Company (PGJDC) has hailed the governments decision to exempt the import and supply of Platinum, Palladium, Diamonds and Precious Stones through its notification of SRO # 720(I)/2009.
Stern Harmony earrings and ring with multi-colored precious stones set in 18k yellow gold.
Features 8,000 designs available in 14 and 18 karat white or yellow gold with diamonds, precious stones and semi-precious stones.
The Company intends to explore these properties for gold, precious stones, base metals and industrial commodities.
As a secondary objective, the Company will investigate the possibility of locating rich alluvial deposits and commercial deposits of other precious stones.
OTCBB:SITG) today announced its distribution agreement for the new Terrorist Trap(R) XR-3000 a full body scanner X-ray system, designed to detect dangerous and/or illegal objects made of both organic and non-organic materials such as guns, knives, both plastic and electronic explosives, precious stones and metals hidden under clothes, and narcotics or contraband hidden in natural cavities of a human or ingested.