Limited Partnership Gift Tax A graduated tax assessed to a donor by the federal government and most state governments when assets are gifted from one person to another. As the gift's value increases, so does the tax rate. A corporate security that has been established over a period of years so that it earns sufficient profits to pay its bondholders their interest without interruptions. The term can also be used for a stock that pays a reliable dividend. However, the term blue chip is more commonly used when referring to stocks.
Homeowners make their mortgage payments to the originator of their mortgage.
Ginnie Mae guarantees that investors will receive timely principal and interest payments even if homeowners do not make timely mortgage payments. If interest rates rise, homeowners will hold onto their original mortgages and the principal will be repaid more slowly. If interest rates fall, homeowners will refinance their mortgages at a lower rate and the principal will be repaid faster than expected. In a bull market, glamor stocks usually rise faster than the overall market. A glamor stock may also be categorized as a blue chip stock.