Ginnie Maes

Variant of Ginnie Mae

Ginnie Mae definition

☆ Gin·nie Mae (jin′ē mā′)

  1. Informal Government National Mortgage Association: a federal agency which purchases mortgages from lending institutions with funds raised by the sale of government-backed securities
  2. pl. Ginnie Maes Gin′·nie Maes′ any of the securities issued by this agency

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.