Meaning of reit | Babel Free

Definitions

1. Acronym of real estate investment trust, an investment device where the holding company uses the funds invested to hold real estate.
   abbreviation, acronym, alt-of
2. sedge; seaweed
   UK, countable, dialectal, obsolete, uncountable

Examples

“The Squillae[…]live in marine[…]places: their meat is oisters, and reites.”

“Some have used sale-leasebacks to real-estate investment trusts (REITs). In a sale-leaseback, a hospital sells its facilities, and then leases back those same facilities from the REIT.”

CEFR level