master limited partnership

master limited partnership definition - finance
Publicly traded partnerships that trade similar to common stock by issuing limited liability units to their shareholders. MLPs are an investment that combines the tax benefits of a limited partnership with the liquidity of publicly traded securities. MLPs are required to pay out quarterly dividends, which may be around ten percent.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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