general partner
noun
a partner with unlimited liability for the debts of the partnership.
Origin of general partner
1An Americanism dating back to 1885–90
- Compare special partner.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use general partner in a sentence
For Union Square Ventures general partner Albert Wegner, the answer might lie is a decidedly less capitalistic place.
Is Crowdsourced Labor the Future of Middle Class Employment? | Sarah Kunst | March 26, 2014 | THE DAILY BEASTThe next day, he started Soho Properties general partner LLC as a foreign limited liability corporation.
By general partner, is meant the one who shares equally in the profits and losses of the partnership transactions.
A limited partnership must have at least one general partner who is individually liable for the obligations of the partnership.
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