limited partnership

limited partnership definition - business

limited partnership

A partnership in which some of the partners have a limited liability to the firm's creditors. Compare general partnership. See also public limited partnership, roll-up.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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