You know what it looks like… but what is it called?
TAKE THE QUIZREMIC
noun
REM·IC
ˈre-mik
: an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and especially collateralized mortgage obligations and receives favorable tax treatment by restricting its own investment to the maintenance of cash flow and reserves and to investment in properties acquired from foreclosure on the underlying mortgages
called also real estate mortgage investment conduit
compare pass-through security at security, real estate investment trust at trustLove words? Need even more definitions?
Merriam-Webster unabridged
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- Before we went to her house, Hannah told us her aunt was a flibbertigibbet.


Can you make 12 words with 7 letters?
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