The word "reetz" is spelled with a silent "z" at the end, which can be confusing for non-native speakers. The correct phonetic transcription would be /rits/, with the emphasis on the first syllable. This word can have different meanings depending on the context, but it is often used as a slang term for money, especially in the UK. It is important to spell words correctly to avoid confusion and miscommunication, especially in written communication.