Unit 11 Other Packaged Products Flashcards
1
Q
What document accepts the limited partner as an investor of the LP?
A
subscription agreement
2
Q
Least risky oil and gas partnership:
A
income program
3
Q
Riskiest oil and gas LP:
A
exploratory or wildcat program
4
Q
Greatest depreciation for an LP:
A
new construction
5
Q
Two methods to evaluate a LP are…
A
cash flow and IRR
6
Q
Max underwriting compensation on a DPP
A
10% gross proceeds of the offering
7
Q
Recourse loans
A
lender can continue to collect any additional amount owed on debt once collateral has been taken
8
Q
Nonrecourse loans
A
lender can only collect the collateral
