MASTER LIMITED PARTNERSHIP - MLP
A limited partnership that combines tax benefits of a limited partnership and liquidity of publicly-traded securities. The are two types of partners in the said partnership: Limited partner pertains to an individual or group that allocated the capital to MLP and receives income distributions from its cash flow periodically; and the general partner who is responsible for managing its affairs and receives compensation, in relation to the venture’s performance.
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Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
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Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
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