from The Century Dictionary and Cyclopedia
- To remove gum from; free from gum or a gummy substance, or from stickiness; degum.
Sorry, no etymologies found.
The average American homebuyer can get a 30-year fixed-rate mortgage at 4.73 per cent this week, far below the 5.78 per cent of a year ago, reflecting the success of the Fed's moves to ungum the mortgage markets, which had been stubbornly refusing to pass on lower official interest rates until recently.
They need to figure out what will ungum the gummed flow of transactions between banks.
Your senators have ridden to the rescue and approved a piece of legislation that should ungum the credit crunch.