limited partnership

noun

a partnership formed by at least one general partner and at least one special partner.

First recorded in 1905–10

By contrast, partnerships, including master limited partnerships, don’t generally pay taxes.

Master limited partnerships, the corporate form that Energy Transfer uses, were on the chopping block.

In 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.

"Why, sir, that would make marriage a limited partnership," said Quincy with a smile.

It goes far beyond anything in the line of limited partnership he ever saw.

The 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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