limited partnership
noun
: a partnership having one or more general partners and one or more limited partners
Example Sentences
Recent Examples on the Web The team was technically owned by PDB Sports, a limited partnership that was itself owned by Bowlen Sports Inc., which, in turn, was owned by Patrick Bowlen and his brother John Bowlen. 
Michael Mccann, Variety, 10 Sep. 2022 If a British government facilitated this social disaster, another kind of scandal, unnoticed to begin with, was the Scottish limited partnership. Geoffrey Wheatcroft, The New Republic, 24 Aug. 2022 John Angelos is the club’s chairman and CEO, with Peter and Lou listed on the team’s website as part of its limited partnership group. BostonGlobe.com, 10 June 2022 Those same regulators already weighed in last year to block a much more limited partnership between JetBlue and American Airlines, arguing that such a deal would raise fares for passengers. CBS News, 5 Apr. 2022 An individual is a juridical person, but a corporation, an LLC, a limited partnership, and a general partnership (in some states) are all also juridical persons. Jay Adkisson, Forbes, 18 Mar. 2022 Miller's phone is part of a family plan account with his parents that is held by Carron Drive Apartments LP, a California limited partnership formed in August 1997, according to his suit. Melissa Quinn, CBS News, 9 Mar. 2022 Those two Utah financial services firms have formed a limited partnership called the Utah Lake Development Fund and claimed to have made substantial investments in the project, $15 million and $10 million, respectively. Brian Maffly, The Salt Lake Tribune, 1 Feb. 2022 Texas Partners Bank will own a minority interest in the limited partnership but 100 percent of Legacy’s general partner. Patrick Danner, San Antonio Express-News, 4 Jan. 2022 See More
Michael Mccann, Variety, 10 Sep. 2022 If a British government facilitated this social disaster, another kind of scandal, unnoticed to begin with, was the Scottish limited partnership. Geoffrey Wheatcroft, The New Republic, 24 Aug. 2022 John Angelos is the club’s chairman and CEO, with Peter and Lou listed on the team’s website as part of its limited partnership group. BostonGlobe.com, 10 June 2022 Those same regulators already weighed in last year to block a much more limited partnership between JetBlue and American Airlines, arguing that such a deal would raise fares for passengers. CBS News, 5 Apr. 2022 An individual is a juridical person, but a corporation, an LLC, a limited partnership, and a general partnership (in some states) are all also juridical persons. Jay Adkisson, Forbes, 18 Mar. 2022 Miller's phone is part of a family plan account with his parents that is held by Carron Drive Apartments LP, a California limited partnership formed in August 1997, according to his suit. Melissa Quinn, CBS News, 9 Mar. 2022 Those two Utah financial services firms have formed a limited partnership called the Utah Lake Development Fund and claimed to have made substantial investments in the project, $15 million and $10 million, respectively. Brian Maffly, The Salt Lake Tribune, 1 Feb. 2022 Texas Partners Bank will own a minority interest in the limited partnership but 100 percent of Legacy’s general partner. Patrick Danner, San Antonio Express-News, 4 Jan. 2022 See More Word History
First Known Use
1791, in the meaning defined above
Legal Definition
limited partnership
see partnership