Meaning of the word "limited partnership" in English
What does "limited partnership" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
limited partnership
US /ˌlɪm.ɪ.tɪd ˈpɑːrt.nɚ.ʃɪp/
UK /ˌlɪm.ɪ.tɪd ˈpɑːrt.nɚ.ʃɪp/
Noun
1.
a partnership consisting of a general partner, who manages the business and has unlimited personal liability for the debts and obligations of the partnership, and one or more limited partners, who have limited liability but cannot participate in management.
Example:
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They formed a limited partnership to develop the new real estate project.
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Investors in a limited partnership are only liable up to the amount of their investment.
Synonym:
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