limited partnership

noun

: a partnership having one or more general partners and one or more limited partners

Examples of limited partnership in a Sentence

Recent Examples on the Web
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The firm says it was deceived again in June 2022, when IQHQ restructured and moved investor interests into a Delaware limited partnership structure. Jennifer Van Grove, San Diego Union-Tribune, 8 Apr. 2026 In order to make a living off the sport, WNBA stars have long supplemented their income by playing abroad during the offseason—but this grueling back-to-back schedule means little recovery time, months away from family, and limited partnerships with brands who prefer their talent nearby. Lale Arikoglu, Condé Nast Traveler, 8 Mar. 2026 Our valuation estimates are based on control sales, versus limited partnership deals. Kurt Badenhausen, Sportico.com, 10 Feb. 2026 Reversing the Tax Court, the court held that for purposes of section 1402(a)(13), a limited partner is simply a partner in a limited partnership with limited liability under state law—full stop—regardless of how active that partner is in the business. Kelly Phillips Erb, Forbes.com, 24 Jan. 2026 See All Example Sentences for limited partnership

Word History

First Known Use

1791, in the meaning defined above

Time Traveler
The first known use of limited partnership was in 1791

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Cite this Entry

“Limited partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20partnership. Accessed 20 Apr. 2026.

Legal Definition

limited partnership

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