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

译者Paul，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各种与地产争端解决相关的法律文件。