MASTER LIMITED PARTNERSHIP
\mˈastə lˈɪmɪtɪd pˈɑːtnəʃˌɪp], \mˈastə lˈɪmɪtɪd pˈɑːtnəʃˌɪp], \m_ˈa_s_t_ə l_ˈɪ_m_ɪ_t_ɪ_d p_ˈɑː_t_n_ə_ʃ_ˌɪ_p]\
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Collective leveraging of a number of existing limited partnerships into a financing arrangement that brings together one or more properties or projects into a more marketable entity. Real estate development, oil and gas exploration, movie making, and other high capital cost ventures are typically arrangements as master limited partnerships.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.