MASTER LIMITED PARTNERSHIP
\mˈastə lˈɪmɪtɪd pˈɑːtnəʃˌɪp], \mˈastə lˈɪmɪtɪd pˈɑːtnəʃˌɪp], \m_ˈa_s_t_ə l_ˈɪ_m_ɪ_t_ɪ_d p_ˈɑː_t_n_ə_ʃ_ˌɪ_p]\
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Collective leveraging of a number of existing limited partnerships into a financing arrangement that brings together one or more properties or projects into a more marketable entity. Real estate development, oil and gas exploration, movie making, and other high capital cost ventures are typically arrangements as master limited partnerships.
By Henry Campbell Black
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