REMIC
noun[C]
ukusPROPERTY,FINANCE
abbreviationforReal Estate Mortgage Investment Conduit: in the US, atypeofshareorbondthat isbasedon amortgage(=loantobuyahouseorproperty):
REMICsreceivefavorabletaxtreatmentand theincomecoming into the REMICs from themortgagesis nottaxable.