Gin|nie Mae

Gin|nie Mae
Gin|nie Mae «JIHN ee MAY»,
U.S.
1. the Government National Mortgage Association (a mortgage-lending agency of the Department of Housing and Urban Development).
2. a stock certificate issued by this agency: »

A cautious market in interest-rate futures…found long-term Ginnie Mae's and Treasury contracts finished slightly lower in price (New York Times).

[< spelling for pronunciation of its abbreviation, GNMA]

Useful english dictionary. 2012.

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  • GinnieMae — Gin·nie Mae (jĭnʹē māʹ) n. A security issued by the Government National Mortgage Association and secured by mortgages serviced by certain federal agencies.   [Alteration of G(overnment) N(ational) M(ortgage) A(ssociation).] * * * …   Universalium

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