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Accounting > Off-book Partnership

The following information is about Off-book Partnership.

Off-book Partnership Defined

is a type of blind trust. It offers some advantages over the traditional methods of capital procurement. In some cases there is a fatal lack of transparency (e.g. Enron) that allows off-book partners to hide debtspump profitslaunder money and enrich insidersbut ultimately bankrupting the company and stripping assets from its employees’ pension funds. See BLIND TRUST.

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