The meaning of Reit
Reit – definition
nounAbbreviation for real estate investment trust: in the us, a company that invests in property or property loans, and sells shares in those investments in a similar way to a mutual fund. reits are used to avoid income tax or to reduce the amount that has to be paid
Usage examples:
By law reits must pass on to their shareholders 90% of their taxable income., reits present slightl…
Reit translation into English
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