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limited partnership

American  

noun

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


Etymology

Origin of limited partnership

First recorded in 1905–10

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Investigations by authorities obtained documents identifying the owner of the tanker as a Cardiff-based limited partnership called Mister Drake PC.

From BBC • Nov. 2, 2023

The Manchin family doesn’t own or operate the Grant Town plant, which is run by American Bituminous Power Partners, a limited partnership registered in Delaware.

From Washington Post • Dec. 13, 2021

In April, a spokesperson for the Timberwolves said the purchase agreement “will initially entail a limited partnership stake with a pathway to controlling ownership of the organization.”

From New York Times • Jul. 21, 2021

Earlier this year, OpenAI created a for-profit limited partnership to take outside investment.

From Reuters • Jul. 22, 2019

Abner had got hold of the idea of limited partnership and had sought to apply it, in roundabout fashion, to the matrimonial relation.

From Under the Skylights by Fuller, Henry Blake