<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R2onMwTMZoUkRrg2zZ9wKf">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RCzxVprwB3RwZ8EMewt18Jt"/>
  <rdfs:label>Real Estate Mortgage Investment Conduits</rdfs:label>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/pYi9zljbSU6w62eKekO9CQ"/>
  <skos:prefLabel>REMICs</skos:prefLabel>
  <skos:definition>Real Estate Mortgage Investment Conduits (REMICs) are investment vehicles that hold commercial and residential mortgages and issue securities representing interests in these mortgages to investors. REMICs are structured to provide tax benefits and facilitate the securitization of mortgage loans, enhancing liquidity in the mortgage market.</skos:definition>
</owl:Class>