master limited partnership

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Master limited partnership (MLP)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
There's less activity in the investment management and hedge fund sector, although some publicly traded partnerships have converted, Chambers said, noting that drivers of those conversions included ease of doing business and the resolving of debt and equity issues.
Cornyn's amendment ensures Master Limited Partnerships (MLPs), which are publicly traded partnerships that aren't required to pay corporate income taxes, get the "pass-through" tax break in the final tax bill. Congressional Republicans have  settled on a 20 percent deduction for some types of pass-through entities in their final tax bill as a way to give those businesses, which don't pay corporate taxes, some of the tax relief the bill gives to corporations, which do pay the corporate levy.
Tallgrass Energy is a family of companies that includes publicly traded partnerships Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass Energy GP, LP (NYSE: TEGP), and privately held Tallgrass Development, LP.
20 regulatory freeze memo, the final regulations on qualifying income of publicly traded partnerships from mineral or natural resources activities (T.D.
Large partnerships include hedge funds, private equity funds, and publicly traded partnerships. These partnerships are so large that some have 100,000 or more partners arranged in multi-tiered partnership structures.
On August 3,2015, TEI submitted comments to the IRS on proposed regulations (REG-132634-14) relating to qualifying income from activities of publicly traded partnerships with respect to minerals or natural resources.
However, certain publicly traded partnerships may be taxed as corporations.
She has represented both issuers and underwriters in public and private debt and equity securities offerings, including offerings of limited partner interests of publicly traded partnerships. She has also represented both public and private companies in complex mergers and acquisitions, asset and stock dispositions and venture capital financings.
real property interests in transactions in which the full amount of gain, if any, was recognized, and is no longer a real property corporation, (iii) certain ownership of 5 percent or less of an interest in a corporation the stock of which is regularly traded, and (iv) certain ownership in publicly traded partnerships and trusts are not treated as a USRPI.
For rules treating certain publicly traded partnerships as corporations, see Q 7782.