oil and gas limited partnership Hear it!

oil and gas limited partnership Finance Definition
A limited partnership whose purpose is to find, extract, and market oil and natural gas. The limited partners risk no more than the amount of money they contributed. Oil and gas limited partnerships were popular investments to avoid taxes during the 1980s; however, tax law changes have tightened the rules for deducting the losses and their popularity has declined.

Browse dictionary entries near oil and gas limited partnership

  1. ‹ oil
  2. ‹ -oid
  3. ‹ oi
  4. ‹ -oholic
  5. ‹ oho
  6. ‹ ohmmeter
  7. ‹ Ohm's law
  8. ‹ Ohm, Georg Simon
  9. ‹ ohm
  10. ‹ Ohioan
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