Re-REMIC definition
Re-REMIC means an Asset-Backed Security the issuer of which is a REMIC (within the meaning of the Code) and whose holders are entitled to receive payments that depend primarily on the cash flow from one or more subordinated tranches of securities issued by other REMICs.
Re-REMIC means Asset-Backed Securities the issuer of which is a REMIC (within the meaning of the Code) and whose holders are entitled to receive payments that depend entirely on the cash flow from one or more subordinated tranches of securities issued by other REMICs.
Re-REMIC means a repackaging or resecuritisation of an asset effected by a special purpose vehicle, trust, or other similar structure;