limited partnership


limited partnership
a legal partnership where some owners are allowed to assume responsibility only up to the amount invested. Glossary of Business Terms
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A partnership with at least one general partner and at least one, often more, limited partner( s). The general partner has unlimited liability for the debts of the partnership, but the limited partners are only liable to the extent of their investment in the partnership. American Banker Glossary
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A partnership that includes one or more partners who have limited liability. Bloomberg Financial Dictionary

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limited partnership UK US noun [C] LAW
a company where only some of the partners have responsibility for its debts if it fails: »

The advantage of a limited partnership lies in various tax breaks.


Financial and business terms. 2012.

Look at other dictionaries:

  • limited partnership — see partnership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. limited partnership …   Law dictionary

  • Limited partnership — Partnership Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint… …   The Collaborative International Dictionary of English

  • Limited partnership — A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs).The GPs are, in all major respects, in the same legal… …   Wikipedia

  • limited partnership — Type of partnership comprised of one or more general partners who manage business and who are personally liable for partnership debts, and one or more limited partners who contribute capital and share in profits but who take no part in running… …   Black's law dictionary

  • limited partnership — Type of partnership comprised of one or more general partners who manage business and who are personally liable for partnership debts, and one or more limited partners who contribute capital and share in profits but who take no part in running… …   Black's law dictionary

  • Limited Partnership — Eine Limited Partnership (LP oder L.P.; deu. Beschränkte Partnerschaft) ist eine angelsächsische Unternehmensrechtsform, die mit einer deutschen Kommanditgesellschaft vergleichbar ist und sich aus mindestens zwei Gesellschaftern zusammensetzt[1] …   Deutsch Wikipedia

  • Limited partnership — A partnership that includes one or more partners who have limited liability. The New York Times Financial Glossary * * * limited partnership limited partnership ➔ partnership * * * limited partnership UK US noun [C] LAW ► a company where only… …   Financial and business terms

  • limited partnership — A partnership in which the liability of some, but not all, members is limited, being formed under laws permitting an individual to contribute a specified sum to the capital of the firm and then limit his liability for losses to that amount,… …   Ballentine's law dictionary

  • limited partnership — komanditinė ūkinė bendrija statusas Aprobuotas sritis įmonių teisė ir įmonių valdymas apibrėžtis Pagal bendrijos veiklos sutartį steigiamas ir veikiantis neribotos civilinės atsakomybės privatusis juridinis asmuo – įmonė, kurios dalyviai yra… …   Lithuanian dictionary (lietuvių žodynas)

  • limited partnership — noun : a partnership having one or more general partners and one or more limited partners called also special partnership; compare general partnership * * * a partnership formed by at least one general partner and at least one special partner.… …   Useful english dictionary


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