third party investor
Defined in 1 place of the United States Code.
The term "third party investor" means a person who—
(A) holds an interest in the partnership which does not constitute property held in connection with an applicable trade or business; and
(B) is not (and has not been) actively engaged, and is (and was) not related to a person so engaged, in (directly or indirectly) providing substantial services described in paragraph (1) for such partnership or any applicable trade or business.
Source
- 2017–present26 U.S.C. § 1061Internal Revenue Code · Cross references · for purposes of this section