Business / Taxes / Limited Partnership: A limited partnership is a financial affiliation that includes at least one general partner and a number of limited partners. The partnership invests in a venture, such as real estate development or oil exploration, for financial gain. The arrangement can be public, which means you can buy into the partnership through a brokerage firm, or private. What makes it a limited partnership is that everyone but the general partners has limited liability. The most the limited partners can lose is the amount they invest.
Limited Verb Synonyms: circumscribed, restricted, fixed, predetermined, small, little, reduced, minimal
Business / Finance / Private Limited Partnership: A limited partnership with no more than 35 participants that is not registered with the SEC. MORE
Business / Accounting / Partnership: An association of two or more individuals or organizations to carry on economic activity. MORE