Meaning GNMA-II: Mortgage-backed securities (M.B.S.) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all their certificates. Principal and interest payments are disbursed on the 20th day of the month. GNMA-II M.B.S. are backed by multiple-issuer pools or custom pools (one issuer but different interest rates that may vary within one percentage point). Multiple-issuer pools are known as "jumbos." Jumbo pools are generally longer and offer certain mortgages that are more geographically diverse than single-issuer pools. Jumbo pool mortgage interest rates may vary within one percentage point
More terms such as GNMA-II in Dictionary G.
- Definition Good Through/Until Date Order:
- Examples of general equities. Market or limited price order that remains viable for a stated period of time unless cancelled, executed, or changed, after which such order or the portion thereof not executed gnma-ii definition.
- Definition Gray Market:
- Examples of securities that have not officially been issued to firms other than the underwriting syndicate. This type of market serves as a good indicator of demand for a new issue in the public market gnma-ii explain.
- Definition Growth Phase:
- Examples A phase of development during which a company experiences rapid earnings growth as it produces new products and expands market share gnma-ii what is.
- Definition Grantor Retained Income Trust (GRIT):
- Examples A tax-saving trust in which a grantor transfers property to a beneficiary, but receives income until termination, at which time the beneficiary begins receiving the income gnma-ii meaning.
- Definition General Ledger:
- Examples Accountint records that show all the financial statement accounts of a business gnma-ii abbreviation.
