A trust that is established to qualify a deceased spouse’s property for the marital deduction. • The trustee may be given discretion to distribute principal or income to the donor’s spouse if the donor also provides that, at the surviving spouse’s death, any accumulated income and remaining principal must be distributed to the surviving spouse’s […]
real(-)estate investment trust/REIT 〈美〉不动产投资信托 一种封闭式的公共基金，专门从事不动产投资，并将投资所得的绝大部分向股东分配。如果其将收入的95%用于股东分配，则可享受特殊的所得税待遇。不动产信托受1960年《不动产投资法》〔Real Estate Investment Act〕调整。(→investment company; real-estate mortgage trust)
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trust estate 信托财产 指由受托人为信托受益人的利益而拥有的资金或财产。但该术语多有混用，一指受托人的财产，即法定所有权；一指受益人的财产，或指作为信托对象的财产〔corpus of the property〕。 (→corpus)
real-estate mortgage trust/REMT 〈美〉不动产抵押信托 不动产投资信托的一种，但其从事买卖业务的不是实际的不动产，而是在不动产上设定的抵押〔mortgage〕。简作「REMT」。(→real(-)estate investment trust)
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umbrella-partnership real-estate investment trust. See REAL-ESTATE INVESTMENT TRUST.
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A REIT that controls and holds most of its properties through an umbrella limited partnership, as a result of which the trust can acquire properties in exchange for the limited-partnership interests in the umbrella while triggering no immediate tax obligations for certain sellers. • This is a structure that many REITs now use. — Abbr.
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real-estate mortgage trust. A real-estate investment trust that buys and sells the mortgages on real property rather than the real property itself. — Abbr. REMT. Cf. REAL-ESTATE INVESTMENT TRUST.
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A company that invests in and manages a portfolio of real estate, with the majority of the trust’s income distributed to its shareholders. • Such a trust may qualify for special income-tax treatment if it distributes 95% of its income to its shareholders. — Abbr. REIT. See investment company under COMPANY. Cf. REAL-ESTATE MORTGAGE TRUST.
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trust estates as business companies 作为商业公司的信托财产 一种起源于马萨诸塞州的惯例，指将某一事业或特定不动产授予受托人集团，由其为受益所有人的利益进行经营管理。受益所有人的所有权通过其拥有的可转让股份〔negotiable shares〕加以证明。受托人则由股东选举，或者在股东缺席的情况下由受托人委员会选举。在信托协议与信托声明中规定，当新的受托人选定时即向其授予信托财产而无须进一步的转让。信托声明则规定受托人的权力范围。受托人使用共同的印章，受章程的调整，受托人委员会的管理人员类似于公司的管理人员，而且受托人也是在某一特定名称之下以集体能力实施信托管理，故而得名。 (→Massachusetts trust; business trust)
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real-estate investment trust. A company that invests in and manages a portfolio of real estate, with the majority of the trust’s income distributed to its shareholders. • Such a trust may qualify for special income-tax treatment if it distributes 95% of its income to its shareholders. — Abbr. REIT. See investment company under COMPANY. Cf.
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