limited partnership definition

  • noun:
    • A partnership where a number of the lovers have actually a finite liability towards company's lenders.
    • a kind of relationship much like a broad partnership, except that and several basic lovers plus one or higher minimal partners.
    • a type of relationship in which the company comprises of more than one basic lovers, jointly and severally accountable as ordinary lovers, plus one or higher unique partners, who aren't responsible for the debts of the cooperation beyond the quantity of cash they contribute as capital.

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