limited partnershiplimited partnership
(plural limited partnerships)
- (law) A form of partnership similar to a general partnership, except that in addition to one or more general partners and one or more limited partners.
limited partnership - Investment & Finance Definition
A business organization or investment structure in which the general partners manage the business and assume the legal risk and obligation. The limited partners share in the partnership’s returns, but they aren’t liable for the partnership’s debts, so they can lose only the amount of their investment A limited partnership often exists to make specific investments or is created to make venture capital investments.