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Real Estate Terms - G

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Government National Mortgage Association (GNMA) (Ginnie Mae)

Federal agency that purchases first mortgages at discounts, in a role similar to that of FNMA.

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Graduated Lease

A lease that provides for rental adjustments, often based upon future determination of the cost-of-living index. Used for the most part in long-term leases.

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Graduated Payment Mortgage (GPM)

A mortgage with payments that increase over its term.

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Grant

A transfer of interest in real property, such as an easement.

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Grantee

One to whom a grant is made.

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Grantor

One who grants a property or its rights.

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