Program enabling investors to receive the cash flow and tax benefits directly; often through a limited partnership.

An investment program enabling investors to directly participate in the cash_flow and tax benefits of the partnership invested in by the investor, typically a form of passive investment.

A program which allows investors to participate directly in the cash flow and tax benefits of the underlying investments. Such programs are usually organized as Limited Partnerships, although their uses as tax shelters have been severely curtailed by tax legislation affecting passive investments.

A business venture structured to pass-through income and "tax losses" to investors. Commonly structured as a limited partnership. See: Tax Shelter, Limited Partnership.

A business venture, usually organized as a limited partnership, that is structured to pass-through income and "tax losses" of the underlying investments to investors. However, its use as a tax shelter has been severely reduced by tax legislation. See: Limited Partnership