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equipment leasing limited partnership

equipment leasing limited partnership definition - business

equipment leasing limited partnership

A partnership in which investors' funds are used to acquire equipment that is leased to businesses. Lease payments are passed through to partners, with much of the income sheltered from taxation by depreciation and interest expense. At the termination of a lease, the equipment is sold and a cash distribution is made to the partners.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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