limited partnership
a partnership formed by at least one general partner and at least one special partner.
Origin of limited partnership
1- Also called special partnership.
- Compare general partnership.
Words Nearby limited partnership
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use limited partnership in a sentence
By contrast, partnerships, including master limited partnerships, don’t generally pay taxes.
These Real Estate and Oil Tycoons Avoided Paying Taxes for Years | by Jeff Ernsthausen, Paul Kiel and Jesse Eisinger | December 7, 2021 | ProPublicaMaster limited partnerships, the corporate form that Energy Transfer uses, were on the chopping block.
These Real Estate and Oil Tycoons Avoided Paying Taxes for Years | by Jeff Ernsthausen, Paul Kiel and Jesse Eisinger | December 7, 2021 | ProPublicaIn effect, the American government has been in a limited partnership with the Assad regime for almost a year.
Since Mr. Allen and myself agreed to end our limited partnership, I have kept the regular slips in my safe.
The Missing Tin Box | Arthur M. Winfield"Why, sir, that would make marriage a limited partnership," said Quincy with a smile.
Quincy Adams Sawyer and Mason's Corner Folks | Charles Felton Pidgin
It goes far beyond anything in the line of limited partnership he ever saw.
A Walk from London to John O'Groat's | Elihu BurrittThe statutes of the different states differ somewhat as to the purposes for which a limited partnership may be formed.
In general, however, a limited partnership may be formed to carry on any business except banking and insurance.
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