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English definition of “real estate investment trust”

real estate investment trust

noun [C]
 
 
( abbreviation REIT)
PROPERTY, FINANCE in the US, a financial arrangement in which a company invests money in buildings and land for shareholders who get tax advantages from their investment as well as interest on the money invested: The firm changed its corporate structure back in 2007 to become a tax-efficient real investment trust.
(Definition of real estate investment trust from the Cambridge Business English Dictionary © Cambridge University Press)
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