Master Limited Partnership - MLP
One of the most crucial criteria that must be met in order for a partnership to be legally classified as an MLP is that the partnership must derive most (~90%) of its cash flows from real estate, natural resources and commodities.
The advantage of an MLP is that it combines the tax benefits of a limited partnership (the partnership does not pay taxes from the profit - the money is only taxed when unitholders receive distributions) with the liquidity of a publicly traded company.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
master limited partnership — see partnership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
master limited partnership — Fin a partnership of a type that combines tax advantages and advantages of liquidity … The ultimate business dictionary
limited partnership rollup transaction — limited partnership roll·up transaction / rōl ˌəp / n: the combining or reorganizing of one or more limited partnerships into an entity (as a master limited partnership or real estate investment trust) that can be publicly traded; specif: such a… … Law dictionary
limited partnership — Type of partnership comprised of one or more general partners who manage business and who are personally liable for partnership debts, and one or more limited partners who contribute capital and share in profits but who take no part in running… … Black's law dictionary
Limited partnership — A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs).The GPs are, in all major respects, in the same legal… … Wikipedia
partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro … Law dictionary
partnership — a legal business relationship of two or more people who share responsibilities, resources, profits, and liabilities. Glossary of Business Terms See general partnership and limited partnership. American Banker Glossary Shared ownership among two… … Financial and business terms
Partnership — Shared ownership among two or more individuals, some of whom may, but do not necessarily, have limited liability. See: general partnership, limited partnership, and master limited partnership. The New York Times Financial Glossary * * *… … Financial and business terms
Master of Business Administration — MBA redirects here. For other uses, see MBA (disambiguation). The Master of Business Administration (MBA or M.B.A.) is a master s degree in business administration, which attracts people from a wide range of academic disciplines. The MBA… … Wikipedia
Master of Laws — The Master of Laws is an advanced academic degree, pursued by those holding a professional law degree, and is commonly abbreviated LL.M. (also LLM or LL.M.) from its Latin name, Legum Magister. (For female students, the less common variant Legum… … Wikipedia
Master of Bioscience Enterprise — A Master of Bioscience Enterprise (abbreviated MBE or MBioEnt) is a specialised degree taught at The University of Auckland, New Zealand and The University of Cambridge, United Kingdom. The MBE is an interdisciplinary programme incorporating… … Wikipedia