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A buyer of real estate who has no interest in owning what he/she buys. That is, if a developer wishes to buy up a large amount of land without attracting attention, he/she may hire dummies to purchase (with the developer's capital) on his/her behalf. The dummies in turn re-sell (or simply give) the properties to the developer.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


A straw man, as when a developer desires to purchase a number of properties in order to assemble them and build a shopping center but is afraid that owners will increase their asking prices if they know the true name of the buyer. Owners sell to the dummy, who then transfers to the developer.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Caption: At some point in double- and triple-retrieve training, you'll need to enlist the help of a trusted training partner or invest in a dummy launcher.
* THE REACH We start with the same setup, holding the dummy in clear view and near the dog's mouth, but now require the dog to reach--at first, maybe only an inch or less but he must take some initiative toward the dummy.
He's certainly no dummy to the boys of QEGS - he's a star.
"If you got your child out of nappies then you've got the tools to stop them using a dummy. Sit down and look at what has worked with your child in the past."
Still, I console myself that - in the case of two of our three children (only our youngest still has one) - as soon as they hit a certain age, the 'Dummy Fairy' visited.
Dump the Dummy Week runs in Neath Port Talbot Flying Start areas from December 15-19.
The dummy chain bear which Mason swallowed the little blue teddy attached to the end of the chain with ribbon on Monday at around 2pm.
Figure 1 Bradley Training Dummy Rounds Breakdown 25mm-470 total rounds/CAB; 7.62-40 total rounds/CAB (math below) 25mm Ammo (DODIC A967): 235 ea M794 rds x 2 = 470 rds/CAB (1/Rifle Company) 70 M794 Dummy rounds for Load AP Ready Box 75 M794 Dummy rounds for Load HE Ready Box 45 M794 Dummy rounds for Load AP in Feeder 45 M794 Dummy rounds for Load HE in Feeder 7.62 Coax Linked Ammo (M172): 20 ea rds x 3 = 40 rounds per CAB for M240C GST Note: Scouts and HHC can use the company ammunition for training.
It is also a great tool for beginner bakers who want to work on decorating techniques and practice before decorating the real thing - instead of having to bake a cake time after time; they can use a cake dummy instead.
It is a simple narrative about the wonderful life discarded dummies can have in Dummy Land.
According to the revised draft of the income tax law, the profits and loss of dummy accounts will be consolidated and the actual stock holders will be responsible for paying capital gains tax for securities in case the consolidated gains exceed the threshold of NT$3 million.