Noun
REMIC (plural REMICs)
(US, finance) Acronym of Real Estate Mortgage Investment Conduit.
After recovering the bodies of two men, Ottawa police have called off a water search for two missing fisherman who slid into the fast-moving water of the Ottawa River near the Remic Rapids. Source: Internet
Ottawa police were on the water and combing the shore line looking for one of two men who fell into the Ottawa River between Bate Island and Remic Rapids on Friday night. Source: Internet