Ginnie Mae
(jin′ē mā′)☆
- Informal Government National Mortgage Association: a federal agency which purchases mortgages from lending institutions with funds raised by the sale of government-backed securities
- pl. Ginnie Maes any of the securities issued by this agency
See Ginnie Mae in American Heritage Dictionary 4
noun A security issued by the Government National Mortgage Association and secured by mortgages serviced by certain federal agencies.
Origin:
Origin: Alteration of G(overnment) N(ational) M(ortgage) A(ssociation)
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