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in transit

   Also found in: Legal, Acronyms, Wikipedia 0.01 sec.
in transit
while in the process of being transported. Dave is in transit from London to Chicago. The new stereo is now in transit from the manufacturer.


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Grants and mortgage guarantees from all federal credit enhancement programs such as FHA, Fannie Mae and Freddie Mac should be awarded on a competitive basis, and additional points should be given for development in transit oriented, downtown or walkable locations (although a portion of federal support is needed for rural and Indian housing).
Most of the new money will be used to "invest" in transit vehicles and modern rail lines.
 
 
 
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