limited partner
51Limited partnership — Partnership Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint… …
52Limited Partnership - LP — Two or more partners united to conduct a business jointly, and in which one or more of the partners is liable only to the extent of the amount of money that partner has invested. Limited partners do not receive dividends, but enjoy direct access… …
53limited partnership — a partnership formed by at least one general partner and at least one special partner. Also called special partnership. Cf. general partnership. [1905 10] * * * …
54limited liability partnership — (LLP) A type of partnership that offers protection to each partner from personal liability for negligent acts committed by any other partner or by an employee not under his or her direct control. LLPs are recognized in most states, but are… …
55limited partnership — lim′ited part′nership n. bus a partnership in which the liability of at least one of the partners is limited to the amount that partner has invested Compare general partnership • Etymology: 1905–10 …
56limited liability — noun The liability of an owner or a partner of a company for no more capital than they have invested. See Also: no liability …
57general partner — see partner Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. general partner …
58silent partner — see partner Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. silent partner n …
59Master limited partnership — (MLP) is a limited partnership that is publicly traded on a securities exchange. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities. Master Limited Partnerships are limited by US Code to only… …
60special partner — noun : a partner who may share in the profits of a general partnership registered under law, who contributes property to the capital thereof but must not exercise control over or be active in partnership affairs, and whose liability for… …
