Dictionary of Finance and Investment Terms: revenue sharing
revenue sharing
Limited partnerships: percentage split between the general partner and limited partners of profits, losses, cash distributions, and other income or losses which result from the operation of a real estate, oil and gas, equipment leasing, or other partnership. see also limited partnership
Taxes: return of tax revenue to a unit of government by a larger unit, such as from a state to one of its municipalities. general revenue sharing between the federal government and states, localities, and other subunits existed between 1972 and 1987.
