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definitions

general partnership

noun

a partnership in which each of the partners is fully liable for the firm's debts.

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Nearby words

  1. general order,
  2. general paralysis,
  3. general paralysis of the insane,
  4. general paresis,
  5. general partner,
  6. general post office,
  7. general postal union,
  8. general practice,
  9. general practitioner,
  10. general precession
Compare limited partnership.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019