FEDERAL NATIONAL MORTGAGE ASSOCIATION Definition

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FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) is a private corporation chartered by the U.S. Government to provide mortgage money for home buyers. FNMA buys mortgages from lenders and sells mortgages to investors. FNMA guarantees the timely payment of both interest and principal. Also known as "Fannie Mae".

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LIMIT ORDER is an order to buy or sell a stock at a customer specified price.

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