Permitted Investments [Income Tax] Law and Legal Definition

According to 26 USCS § 860G [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes and Surtaxes; Subchapter M. Regulated Investment Companies and Real Estate Investment Trusts; Part IV. Real Estate Mortgage Investment Conduits], permitted investments means “any--

(A) cash flow investment,

(B) qualified reserve asset, or

(C) foreclosure property.”