Master Limited Partnership Mlp

Definition of "Master Limited Partnership (MLP)"

Sherwanda Del Castillo
Sherwanda Del Castillo Divine Realty

Unincorporated combination (roll-up) of limited partnerships in a real estate together as a group. It is usually more comprehensive, financially sound, and marketable than individual partnerships. Shares in the MLP are typically traded on the major stock exchanges. By being unincorporated, double taxation is avoided.

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