Definition, Meaning & Synonyms

ginnie

noun

ˈdʒɪni

Definition

A colloquial term often used in finance or real estate to refer to a Ginnie Mae security, which is a bond backed by a pool of mortgage loans.

Examples

Investors are looking to purchase more ginnies this quarter due to their stability.
She explained that buying a ginnie is a way to support affordable housing.

Meaning

In a broader sense, ‘ginnie’ can refer to any financial instrument that resembles the features of these securities, emphasizing the government-backed aspect of such investments.