Ginnie Mae Meaning in the Cambridge English Dictionary

Meaning of “Ginnie Mae” in the English Dictionary

"Ginnie Mae" in Business English

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Ginnie Maenoun

uk   us   (abbreviation GNMA)
GOVERNMENT, FINANCE the Government National Mortgage Association: a US ​governmentorganization that guarantees (= promises to ​pay back)loans of particular ​homebuyers if they are not ​paid back, ​allowing the ​organization that ​lent the ​money to make more ​loans: Ginnie Mae ​fundsinvest in federally ​guaranteedmortgages, whose ​principal and ​interestpayments are ​assured by the ​government.
[C, usually plural] a ​bondissued by the Government National Mortgage Association: People with ​money in quasi-government ​bonds like Ginnie Maes or Freddie Macs have seen those ​bondspaid off prematurely as ​ratesfell.
(Definition of Ginnie Mae from the Cambridge Business English Dictionary © Cambridge University Press)
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“Ginnie Mae” in Business English

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