The-definition.com

Definition

Master Limited Partnership (MLP)

Master Limited Partnership (MLP) is a partnership that sells units traded on a recognized stock exchange, has many advantages of a corporation but does not pay corporate taxes.

Share it:  Cite

More from this Section

  • Cash budget
    The cash budget is a projection of anticipated cash flows. Because cash is so vital, this ...
  • Net income & net loss
    Net income results when revenues exceed expenses. A net loss occurs when expenses exceed ...
  • Credit memorandum
    Sometimes a depositor asks the bank to collect its notes receivable. In such a case, the ...
  • Equity method
    Equity method is an accounting method in which the investment is common stock is initially ...
  • Static budget
    A static budget is a projection of budget data at one level of activity. These budgets ...