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limited partnership

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A partnership in which some of the partners have a limited liability to the firm's creditors.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A form of partnership similar to a general partnership, except that in addition to one or more general partners and one or more limited partners.

from the GNU version of the Collaborative International Dictionary of English

  • n. a form of partnership in which the firm consists of one or more general partners, jointly and severally responsible as ordinary partners, and one or more special partners, who are not liable for the debts of the partnership beyond the amount of cash they contribute as capital.

Etymologies

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Examples

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