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Income Limited Partnership

 
Financial & Investment Dictionary: 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.

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Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more