guaranteed payments to partners

guaranteed payments to partners definition - business

guaranteed payments to partners

Priority distributions by a partnership to a partner for services or for the use of capital. The payments are made regardless of whether the partnership is profitable.

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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