real estate limited partnership

real estate limited partnership definition - business

real estate limited partnership

A limited partnership in which one or more general partners acquire, manage, and sell real estate for the benefit of limited partners who enjoy limited liability from partnership debts and legal claims. Income and losses of the partnership are passed through to the partners.

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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