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general partnership


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

  • n. A partnership in which each of the partners is liable for all of the firm's debts, and the actions of one partner are binding on each of the other partners.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A business partnership in which each partner is liable for the firm's debts.


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