1

dwarf

noun, often attributive \ ˈdwȯrf \
Updated on: 13 Oct 2017

Definition of dwarf

plural dwarfs play \ˈdwȯrfs\ also dwarves play \ˈdwȯrvz\
1 a :a person of unusually small stature (see stature 1); especially :a person whose height does not exceed 4' 10" and is typically less than 4' 5"
b :an insignificant person
  • a literary dwarf
2 :an animal or plant much below normal size
3 folklore :a small legendary manlike being who is usually misshapen and ugly and skilled as a craftsman
4 astronomy :a star (such as the sun) of ordinary or low luminosity and relatively small mass and size

dwarfish

play \ˈdwȯr-fish\ adjective

dwarfishly

adverb

dwarfishness

noun

dwarflike

play \ˈdwȯrf-ˌlīk\ adjective

dwarfness

play \ˈdwȯrf-nəs\ noun

Examples of dwarf in a Sentence

  1. Shetland ponies are the dwarfs of the horse world.

  2. Snow White and the seven dwarfs.

Recent Examples of dwarf from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'dwarf.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of dwarf

Middle English dwerg, dwerf, from Old English dweorg, dweorh; akin to Old High German twerg dwarf

Other Mythology and Folklore Terms


2

dwarf

verb

Definition of dwarf

transitive verb
1 :to restrict the growth of :stunt
  • children dwarfed by malnutrition
2 :to cause to appear smaller or to seem inferior
  • dwarfed by his older brother
  • has dwarfed the achievements of her predecessors
intransitive verb
:to become smaller

Examples of dwarf in a Sentence

  1. shrubs dwarfed by the lack of water

Recent Examples of dwarf from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'dwarf.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of dwarf

see 1dwarf


3

dwarf

adjective

Definition of dwarf

of a plant
:low-growing in habit
  • a dwarf peach tree
  • dwarfer forms of citrus

Recent Examples of dwarf from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'dwarf.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of dwarf

see 1dwarf


Financial Definition of DWARF

dwarf

What It Is

In the mortgage business, a dwarf is a group of mortgage-backed securities that mature in fewer than 15 years. The Federal National Mortgage Association (FNMA or Fannie Mae) issues dwarves.

How It Works

Mortgage-backed securities (MBS) are securities that represent an interest in a pool of mortgage loans. Let's assume you want to buy a house, so you get a mortgage from XYZ Bank. XYZ Bank transfers money into your account, and you agree to repay the money according to a set schedule. XYZ Bank (which could also be a thrift, credit union, or other originator) may then choose to hold the mortgage in its portfolio (i.e., simply collect the interest and principal payments over the next several years) or sell it.

If XYZ Bank sells the mortgage, it gets cash to make other loans. So let's assume that XYZ Bank sells your mortgage to Fannie Mae. Fannie Mae groups your mortgage with similar mortgages it has already purchased (referred to as "pooling" the mortgages). The mortgages in the pool have common characteristics (i.e., similar interest rates, maturities). Pools that mature in fewer than 15 years make up dwarves.

Fannie Mae then sells securities that represent an interest in the dwarves, of which your mortgage is a small part (called securitizing the pool). It sells these MBS to investors in the open market. With the funds from the sale of the MBS, Fannie Mae can purchase more mortgages and create more MBS.

Why It Matters

For investors, an MBS is much like a bond, and dwarves are relatively short-term bonds in this sense However, it is important to note that payments that are part interest and part principal could be unfavorable to some dwarf investors, because with each decrease in outstanding principal there is a corresponding decrease in the amount of interest that accrues. The return of principal could also vary depending on how quickly the underlying mortgages are repaid.

Fannie Mae guarantees the timely payment of interest and principal on the MBS they issue -- that is, if the borrowers do not make their mortgage payments on time, Fannie Mae will still make timely interest and principal payments to their MBS investors. It is important to note that the U.S. government does not guarantee Fannie Mae. That is, if it cannot fulfill their obligations to its MBS investors, the government has no responsibility to rescue it.


DWARF Defined for English Language Learners

dwarf

verb

Definition of dwarf for English Language Learners

  • : to make (something) look very small or unimportant when compared with something else


dwarf

adjective

Definition of dwarf for English Language Learners

  • of a plant or animal : smaller than normal size


DWARF Defined for Kids

1

dwarf

noun \ ˈdwȯrf \

Definition of dwarf for Students

plural dwarfs \ˈdwȯrfs\ also dwarves \ˈdwȯrvz\
1 :a person, animal, or plant much smaller than normal size
2 :a creature in legends that is usually pictured as a small person who is skilled at some craft

2

dwarf

verb

Definition of dwarf for Students

dwarfed; dwarfing
:to cause to appear smaller Our car was dwarfed by the giant redwood trees.

3

dwarf

adjective

Definition of dwarf for Students

:of less than the usual size
  • dwarf pine trees

Medical Dictionary

1

dwarf

noun, often attributive \ ˈdwȯ(ə)rf \

medical Definition of dwarf

plural dwarfs play \ˈdwȯ(ə)rfs\ also dwarves play \ˈdwȯ(ə)rvz\
1 :a person of unusually small stature; especially :a person whose height does not exceed 4 feet 10 inches (1.47 meters) and is typically less than 4 feet 5 inches (1.35 meters)
2 :an animal much below normal size

2

dwarf

transitive verb

medical Definition of dwarf

:to restrict the growth of :stunt


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