public limited partnership

public limited partnership definition - business

public limited partnership

A limited partnership that provides an investor with a direct interest in a group of assets (generally, oil and gas properties). Public limited partnership units trade publicly, like stock, and thus provide the investor significantly more liquidity than ordinary limited partnerships. Also called master limited partnership, publicly traded partnership. See also roll-up.

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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