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Real estate investment trust |
: a business trust similar to a closed-end investment company except that it invests in real estate either as an owner having equity in the property or as a lender holding mortgages on the property
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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in personam jurisdiction
the jurisdiction granted a court over persons before it that allows the court to issue a binding judgment
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