direct participation program

direct-participation program. An investment vehicle that is financed through the sale of securities not traded on an exchange or quoted on NASDAQ and that provides flow-through tax consequences to the investors.

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词条贡献者

译员张宏，知名法学院法律翻译专业，专注翻译各种与调查与白领犯罪辩护有关的法律文件。