Meaning of “real estate investment trust” in the English Dictionary

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"real estate investment trust" in Business English

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real estate investment trustnoun [ C ]

uk us 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)