DIRECT PARTICIPATION PROGRAM (DPP) Definition

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DIRECT PARTICIPATION PROGRAM (DPP) is 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. Also called a Limited Partnership.

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CONTRACTEE is the person or entity who will receive the goods or services under the provisions of the contract.

LUMP-SUM is an agreed upon sum of money, which is paid in full settlement all at one time.

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