limited partner

Definition

One of the co-owners of a business organized as limited partnership who (unlike a general partner) does not participate in the management of the firm and has limited personal liability for the firm's debts. Also called nominal partner.

Popular 'Banking, Commerce & Finance' Terms

limited partner in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/limited-partner.html

Search for another term



Tools

limited partner is...

... in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Entrepreneurship, Management, & Small Business subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z