Definition of Equipment Leasing Limited Partnership

Equipment Leasing Limited Partnership is a limited partnership that is organized to purchase equipment and lease it to corporations to earn lease income and to shelter passive income for investors.

Applying "Equipment Leasing Limited Partnership" to Securities Exams:

An Equipment Leasing Limited Partnership may be established to purchase large industrial equipment such as cranes and large earth moving equipment. The partnership will then lease the equipment to construction companies for use in their business. The limited partners will share in the lease income as well as the depreciation of the equipment.

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