limited liability partnership


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 owner
Previous Word in the Dictionary: limited liability
All Words Near: limited liability partnership

Seen & Heard

What made you want to look up limited liability partnership? Please tell us where you read or heard it (including the quote, if possible).

Test Your Vocabulary

Take Our 10-Question Quiz

Name That Thing

Take our visual vocab quiz

Test Your Knowledge »

True or False?

A quick quiz about stuff worth knowing

Take It Now »

Join Us on FB & Twitter

Get the Word of the Day and More

Facebook | Twitter

Get Our Free Apps

Voice Search, Favorites,
Word of the Day, and More

iPhone | iPad | Android | More