master limited partnership

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Master limited partnership (MLP)

Master Limited Partnership

A limited partnership with ownership units that may be traded on an exchange. A limited partnership consists of a general partner, who manages the venture, and limited partners, who simply provide capital. A master limited partnership allows limited partners to buy and sell units of the venture as if they were shares in a publicly-traded company. Limited partners often receive cash distributions, which are similar to dividends, on a regular basis. This business form combines the tax advantages of a partnership, which does not pay tax on its profit, with the liquidity of a publicly-traded company. It is also called a publicly traded partnership.

master limited partnership (MLP)

A limited partnership that provides an investor with a direct interest in a group of assets (generally, oil and gas properties). Master limited partnership units trade publicly like stock and thus provide the investor significantly more liquidity than ordinary limited partnerships. See also roll-up.
References in periodicals archive ?
368(a)(2)(F)(vii)) only publicly traded partnerships (as relevant here) are treated as stock and securities under Sec.
The National Association of Publicly Traded Partnerships (NAPTP) is a trade association representing master limited partnerships (MLPs) and those who work with them.
This presentation by the Executive Director of National Association of Publicly Traded Partnerships (NAPTP), a trade association representing the interests of MLPs, will be an "MLP 101" for investors considering an investment in MLPs or simply wishing to know more about them.
Over the years, our organization has evolved into an established trade association comprised of more than 65 members that continuously work as a team to promote and preserve the distinctiveness of publicly traded partnerships.
Hammond also serves on the board of directors of the National Association of Publicly Traded Partnerships.
351(e) definition of which assets must be considered in determining whether a corporation would be an investment company to include: stocks and securities, money, financial instruments, foreign currency, interests in real estate investment trusts, regulated investment companies, common trust funds and publicly traded partnerships, certain interests in precious metals and entities that hold such items, and any other assets specified in regulations.
21, 1997, the Ninth Circuit affirmed the Tax Court's decision that a charitable remainder unitrust's (CRUT's) receipt of unrelated business taxable income (UBTI) from three publicly traded partnerships caused it to be taxable on all of its income for that year (Leila G.
512(c)(1)'s general rule by requiring all income and deductions from publicly traded partnerships to be included in an exempt organization's UBTI.
Note: The new proposals do not affect publicly traded partnerships.
7704 on the classification of certain publicly traded partnerships (PTPs) as corporations.