Publicly Traded Partnership

A limited partnership that also has interests traded in the equity securities market.

Investopedia Says:
This is also known as a master limited partnership.

Related Links:
What's an IPO, and how did everybody get so rich off them during the dotcom boom? We give you the scoop. IPO Basics Tutorial

A Limited Partnership formed under state partnership law where limited partnership interests are publicly traded on an established exchange or ‘over the counter'; also called Master Limited Partnership. Registration of interests in publicly traded partnerships is required under federal securities laws.