Gem

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Related to stones, precious: Precious metals, 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 periodicals archive ?
He further gives a analysis and break up of India exports of major product categories, major countries and major Indian ports under Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals, Metals Clad with Precious Metal and its products as follows :
Using only the highest-quality stones, precious gems and alluring pearls matched with 18-karat gold, Rashid's designs are simple and a perfect representation of fine art.
Delhi, July 14 -- InfodriveIndia.com, India's premier research company in export import market research, announced today that India's Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals, Metals Clad with Precious Metal and its products exports in June- 2014 has grew to US$ 519.01 M, a increase of 2.4% compared to May 2014.
'The jewellery business, including fashion jewellery, pearls, precious or semi-precious stones, precious metals and imitation jewellery, accounted for 26.5 per cent (or $56.98 billion) of the UAE non-oil foreign trade in 2008,' Khanna said, citing data.
Delhi, July 17 -- InfodriveIndia.com, India's premier research company in export import data, announced today that India's Natural or Cultured Pearls, Precious or Semi-Precious Stones, Precious Metals, Metals Clad with Precious Metal and its products imports in June- 2013 has fallen to US$ 1861.07 M, a decrease of 77.18% compared to May 2013.