direct participation program

direct participation program definition - finance
An investment program that lets investors receive the cash flow and tax benefits directly from an investment. Direct participation programs typically are structured as limited partnerships and most often are used as a tax shelter. However, their use as a tax shelter has been curtailed by legislation affecting passive investments.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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