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 :
exports to India in 2009 were (in order): Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof and imitation jewelry (chapter 71)-$2.
All the standing stones, floating stones, precious stones, rocks, cliffs, crags, cliff faces, Routeburn tracks, Campsie glens and pebbled paths later - and later in the day - still as ecologically sound and full of love as the floating stones in Whanganui Bay.