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| Financial Terms | |
| Limited partner |
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Definition of Limited partner
Limited partnerA partner who has limited legal liability for the obligations of the partnership.
Related Terms:Cost of limited partner capitalThe discount rate that equates the after-tax inflows with outflows for capitalraised from limited partners. Limited partnershipA partnership that includes one or more partners who have limited liability.Limited partnershipA partnership that includes one or more partners who have limited liability.Master limited partnership (MLP)A publicly traded limited partnership.limited liability partnershipan organizational form that is a hybrid of the corporate and partnership organizationalforms and used to limit the personal liability of the owners; it is typically used by large professional (such as accounting) firms PartnershipShared ownership among two or more individuals, some of whom may, but do not necessarily,have limited liability. See: general partnership, limited partnership, and master limited partnership. General partnerA partner who has unlimited liability for the obligations of the partnership.
General partnershipA partnership in which all partners are general partners.Limited liabilityLimitation of possible loss to what has already been invested.Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initialinvestment. Limited-tax general obligation bondA general obligation bond that is limited as to revenue sources.Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initial investment.Unlimited liabilityFull liability for the debt and other obligations of a legal entity. The general partners of apartnership have unlimited liability. limited liability companyan organizational form that is a hybrid of the corporate and partnership organizationalforms and used to limit the personal liability of the owners; it is typically used by small professional (such as accounting) firms PartnershipA form of business organization in which owners have unlimited personalliability for the actions of the business, though this problem has been mitigated through the use of the limited liability partnership. limited liabilityThe owners of the corporation are not personally responsible for its obligations.
partnershipBusiness owned by two or more persons who are personally responsible for all its liabilities.PartnershipNon-incorporated business venture of two or more individuals or companies. Profits or losses flow, directly and equally, to the partners.Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |