limited partnership

noun

1. a partnership formed by at least one general partner and at least one special partner.

Word History and Origins

Origin of limited partnership¹

First recorded in 1905–10

Example Sentences

By contrast, partnerships, including master limited partnerships, don’t generally pay taxes.

From ProPublica

Master limited partnerships, the corporate form that Energy Transfer uses, were on the chopping block.

From ProPublica

In effect, the American government has been in a limited partnership with the Assad regime for almost a year.

From The Daily Beast

Since Mr. Allen and myself agreed to end our limited partnership, I have kept the regular slips in my safe.

From Project Gutenberg

"Why, sir, that would make marriage a limited partnership," said Quincy with a smile.

From Project Gutenberg

It goes far beyond anything in the line of limited partnership he ever saw.

From Project Gutenberg

The statutes of the different states differ somewhat as to the purposes for which a limited partnership may be formed.

From Project Gutenberg

In general, however, a limited partnership may be formed to carry on any business except banking and insurance.

From Project Gutenberg