limited partner

noun

: a partner in a venture who has no management authority and whose liability is restricted to the amount of his or her investment compare general partner

Examples of limited partner in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The 35-year-old Wagner follows in the footsteps of former Seattle Storm star Sue Bird, another athlete who became a limited partner in the Storm last year. Eric Jackson, Sportico.com, 23 July 2025 But in today’s environment, several market realities are forcing a reckoning for limited partner (LP) investors: outdated processes have become a risk of their own. Hank Boughner, Forbes.com, 25 July 2025 Wagner has previously said that he’s inspired by Commanders limited partner and NBA legend Magic Johnson, a mentor figure who also owns a stake in the Los Angeles Sparks. Eric Jackson, Sportico.com, 23 July 2025 While getting paid to manage the fund, the VC then chooses startups to back, reaping a reward from the companies' IPOs that is shared with the limited partners. Evelyn Cheng, CNBC, 16 July 2025 See All Example Sentences for limited partner

Word History

First Known Use

1824, in the meaning defined above

Time Traveler
The first known use of limited partner was in 1824

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Cite this Entry

“Limited partner.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20partner. Accessed 22 Aug. 2025.

Legal Definition

limited partner

see partner

Last Updated: - Updated example sentences
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