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Business Definition for: research and development limited partnership

research and development limited partnership

plan whose investors put up money to finance new product Research and Development . In return, the investors get a percentage of the product's profits, if any, together with such benefits as depreciation of equipment. R&D partnerships may be offered publicly or privately, usually through brokerage firms. Those that are offered to the public must be registered with the Securities and Exchange Commission.

See also limited partnership
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