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Business Glossary

Business Definition for: income limited partnership

Dictionary of Finance and Investment Terms

income limited partnership

real estate, oil and gas, or equipment leasing limited partnership whose aim is high income, much of which may be taxable. Such a partnership may be designed for tax-sheltered accounts like Individual Retirement Accounts, Keogh plan accounts, or pension plans.

Referring Terms:

limited partnership
oil and gas limited partnership

Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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