gpm

(redirected from Graduated-payment mortgage)
Also found in: Financial, Encyclopedia.
Related to Graduated-payment mortgage: Growing Equity Mortgage

gpm

abbr.
gallons per minute

gpm

or GPM or g.p.m.,

gallons per minute.
References in periodicals archive ?
Mortgage contracts with variable repayment schedules are known as graduated-payment mortgages (GPMs).
Low-down-payment loans were paired with experimental new products like adjustable-rate mortgages (ARMs), initial "teaser rates," negative-amortization mortgages and graduated-payment mortgages.
Graduated-payment mortgages and step-rate transactions without a variable-rate feature are not considered variable-rate transactions.