Dictionary

limited liability partnership

noun

Definition of LIMITED LIABILITY PARTNERSHIP

:  a partnership in which the partnership is liable as an entity for debts and obligations and the partners are not liable personally

First Known Use of LIMITED LIABILITY PARTNERSHIP

1980

Browse

Next Word in the Dictionary: limited ownerPrevious Word in the Dictionary: limited liabilityAll Words Near: limited liability partnership
July 01, 2015
precarious Hear it
not certain, secure, or steady
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears