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Real Estate Mortgage Investment Conduit |
Also found in: Acronyms, Wikipedia | 0.04 sec. |
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Real Estate Mortgage Investment Conduit (REMIC) A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986. |
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Real Estate Mortgage Investment Conduit