Real Estate Mortgage Investment Conduit


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. Bloomberg Financial Dictionary

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real estate mortgage investment conduit real estate mortgage investment conduit REMIC

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real estate mortgage investment conduit UK US noun [C]
PROPERTY, FINANCE REMIC(Cf. ↑REMIC)

Financial and business terms. 2012.

Look at other dictionaries:

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