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Real Estate Mortgage Investment Conduit (REMIC) |
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Real Estate Mortgage Investment Conduit (REMIC)A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986.Real Estate Mortgage Investment Conduit (REMIC) Similar MatchesInvestment bankInvestment bankFinancial intermediaries who perform a variety of services, including aiding in the sale of securities, facilitating mergers and other corporate reorganizations, acting as brokers to both individual and institutional clients, and trading for their own accounts. See: Underwriters. Investment RiskInvestment RiskUncertainty about the future benefits to be realized from an investment. Investment climateInvestment climateFactors such as economic, monetary, and other conditions that affect the performance of investments. Passive investment strategyPassive investment strategySee: Passive investment management. Investment gradeInvestment gradeA credit rating given to a government or coporate bond which indicates that the agency giving the rating (Standard & Poor's, Moody's or Fitch) thinks the issuer has strong creditworthiness.The grades used by two of the leading agencies are as follows:Moody's Aaa / S&P AAAThe highest-quality, lowest-risk bondsMoody's Aa / S&P AAHigh-quality debt obligations with minimal repayment riskMoody's A / S&P AQuality bonds with a strong capacity to pay interest and principal which are somewhat susceptible to adverse economic conditionsMoody's Baa / S&P BBBQuality bonds with a adequate capacity to pay interest and principal which are more vulnerable to adverse economic conditions bondsMoody's Ba / S&P BBMedium-grade bonds with few desirable characteristicsMoody's B / S&P BSpeculative bonds with a major degree of risk in adverse economic conditionsMoody's Caa / S&P CCCIssuers in poor standingMoody's Ca / S&P CCIssuers may be in defaultMoody's C / S&P CIncome bonds on which no interest is being paidS&P DBonds in default All those at Baa/BBB or above are adjudged 'investment grade'. Further SuggestionsExpected return on investmentRegulated investment company Investment agreement Overinvestment Reinvestment effect Investment opportunity set Investment manager Foreign investment argument for protection Reinvestment risk Value Line investment survey Foreign portfolio investment Community Reinvestment Act (CRA) return on investment Foreign investment risk matrix (FIRM) Securities and Investments Board Diversified investment company Investment philosophy Return on investment (ROI) Brown field investment Future investment opportunities investment trust Investment Management Regulatory Organisation protected investment products Recognised Investment Exchange split capital investment trust |
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