limited partner definition

limited partner

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.

limited partner is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.

limited partner appears in the definitions of the following terms: general partner, articles of partnership and limited partnership

limited partner appears in these other terms: master limited partnership, limited liability limited partnership (LLLP)

This content can be found on the following page:

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