real estate investment trust (REIT)
Definition from Nolo’s Plain-English Law Dictionary
A business that invests in real estate. Investors buy shares in a REIT to invest in real estate in much the same way as they might buy shares in a mutual fund to invest in stocks. A REIT is set up to minimize or avoid corporate income taxes.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm
