limited partnership
Definition
A business organization with one or more general partners, who manage the business and assume legal debts and obligations, and one or more limited partners, who are liable only to the extent of their investments. Limited partners also enjoy rights to the partnership's cash flow, but are not liable for company obligations.
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Related Terms
accredited investor, anticipated holding period, blind pool, direct participation program, master limited partnership, private limited partnership, public limited partnership, resyndication limited partnership, sponsor, venture capital limited partnership, revenue sharing
'limited partnership
' appears in the definitions of these terms on BusinessDictionary.comarticles of partnership, at risk rule, general partnership, passive income, passive loss, and 
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