翻訳と辞書 Words near each other ・ Direct metal mastering ・ Direct methanol fuel cell ・ Direct method ・ Direct method (education) ・ Direct method in the calculus of variations ・ Direct methods (crystallography) ・ Direct Mobile Hotline Service ・ Direct mode ・ Direct multiple shooting method ・ Direct navigation ・ Direct negotiations between Chile and Argentina in 1977–78 ・ Direct numerical control ・ Direct numerical simulation ・ Direct operations ・ Direct part marking ・ Direct participation program ・ Direct pathway of movement ・ Direct Payments ・ Direct primary care ・ Direct process ・ Direct product ・ Direct product of groups ・ Direct proof ・ Direct Provision ・ Direct public offering ・ Direct quantum chemistry ・ Direct Rail Services ・ Direct read after write ・ Direct reduced iron ・ Direct reference theory Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Direct participation program ： ウィキペディア英語版 Direct participation program Direct participation program (or direct participation plan or direct investment, abbreviated DPP) is a financial security that enables investors to participate in a business venture's cash flow and taxation benefits. The term originates from the Securities Act of 1933 and NASD Rule 2810, which addresses the regulation of compensation, fees and expenses in public offerings of DPPs. Direct participation programs are most commonly formed to invest in real estate, energy, futures & options, and equipment leasing projects. A DPP is typically organized as a limited partnership or limited liability company, structures that enable the income and losses of the entity to flow-through to the underlying taxpayer on a pre-tax basis. As such, the DPP pays no tax at the corporate level. An investor's stake in the DPP is quantified in units and may be referred to as their interest. A non-listed real estate investment trust enjoys a special tax-free status if its distribution of income is sufficient, and as such may be organized as a corporation without being subject to double taxation. The Investment Program Association (www.ipa.com) is the U.S. trade association dedicated to the advancement of the asset class and the Real Estate Investment Association (www.reisa.org) provides education, networking and advocacy for members. DPPs typically use a much wider, intermediary-dominated distribution network than other alternative investment funds. Broker/dealers have alternative investment platforms that include these funds and are paid commissions for their role in distribution and servicing. The compliance and operational aspects of sponsoring these funds are more complicated due to the involvement of retail investors and the payment of trailing commissions. DPP Transfer Agents provide outsourcing services to support IT and administrative functions. DPP securities are generally not traded publicly, so the value of a DPP product is determined by the performance of the underlying assets rather than by the public markets. DPP products are generally illiquid for their duration, although some limited secondary markets may exist. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Direct participation program」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.