general partner

general partner definition - finance
The person or persons responsible for managing a partnership or venture capital fund. They make investment decisions, handle day-to-day issues, and are responsible for the debts of the partnership. General partners are full-time employees, while limited partners invest money without participating in investment decisions or daily operations.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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