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, in the meaning defined above

Keep scrolling for more

Learn More about limited liability partnership

Statistics for limited liability partnership

Look-up Popularity

Time Traveler for limited liability partnership

The first known use of limited liability partnership was in 1980

See more words from the same year

Keep scrolling for more

More Definitions for limited liability partnership

limited liability partnership

Legal Definition of limited liability partnership

see partnership

Comments on limited liability partnership

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

WORD OF THE DAY

having no equal

Get Word of the Day daily email!

Test Your Vocabulary

Words from Greek and Latin Quiz

  • roman forum
  • Which of the following months comes from a Latin word for “ten”?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!