limited partner
61Special partner — Special Spe cial, a. [L. specialis, fr. species a particular sort, kind, or quality: cf. F. sp[ e]cial. See {Species}, and cf. {Especial}.] 1. Of or pertaining to a species; constituting a species or sort. [1913 Webster] A special is called by… …
62silent partner — A nonlegal term for an investor in a business who takes no part in its management and is often unknown to customers or competitors. If the business is a limited partnership, each limited partner is prohibited from taking part in management and …
63general partner — A partner in an ordinary partnership, as distinguished from the special or limited partner in a limited partnership. 40 Am J1st Partn § 510. The member of a limited partnership who has rights and powers analogous to those possessed by the members …
64general partner — One of the owners of a partnership, which is a joint business for profit. Unlike the owners of a corporation, a general partner is personally liable for all the business debts and obligations. A general partner can take actions (e.g., signing… …
65special partner — a partner whose liability for the firm s debts is limited to the amount that partner has invested in the firm. Also called limited partner. Cf. general partner. [1820 30, Amer.] * * * …
66silent partner — An investor in a firm who takes no active part in its management but who shares in its profits and losses. A dormant or limited partner; one whose name does not appear in the firm, and who takes no active part in the business, but who has an… …
67Master Limited Partnership - MLP — A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from… …
68secret partner — noun : a partner whose membership in a partnership is kept secret from the public called also silent partner; compare general partner, limited partner * * * a partner whose name as a member of a firm is not revealed to the public. Cf. silent… …
69partnership, limited — n. A partnership with at least one general partner and at least one limited partner. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …
70Institutional Limited Partners Association — The Institutional Limited Partners Association (ILPA) is a trade association for institutional limited partners in the private equity asset class.Members of ILPA include public and corporate pension funds, endowments, foundations, insurance… …
