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 The land was sold to a limited partnership that lists a mailing address in South End, records show. Gordon Rago, Charlotte Observer, 20 Sep. 2023 Additionally, eight entities, including a non-profit, a limited partnership, and six limited liability companies, all registered in Delaware, are named in the lawsuit. Nizan Geslevich Packin, Forbes, 1 Mar. 2024 Since 2018, the grand estate on Turbeville Road has been owned by a Denton limited partnership that operates the property as an event center called The Olana. Dallas News, 1 July 2022 While tender offer funds can be less liquid than interval funds, the liquidity offered by tender offer funds may be greater than the liquidity offered by a private equity limited partnership. Julie Cooling, Forbes, 6 Jan. 2023 Most profitably, the dissolution of Shepperton Studios Property Partnership — a limited partnership in which PSG held an interest via the subsidiary Shepperton Studios (General Partner) Limited — in November 2020 yielded a final dividend of £19.4 million ($25.2 million). K.j. Yossman, Variety, 11 Apr. 2022 Even contrast it with a limited partnership where the limited partners have no liability, but the entity itself and only the general partners have liability. Jay Adkisson, Forbes, 27 June 2022 One limited partnership, for example, owns an eight-unit apartment complex in Pacific Beach with eight licenses. Phillip Molnar, San Diego Union-Tribune, 14 July 2023 The management team guiding FTX through bankruptcy reached a $45 million cash deal to sell its limited partnership interests in a Sequoia Capital venture fund to Abu Dhabi's investment arm. Becky Yerak, WSJ, 9 Mar. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'limited partnership.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1791, in the meaning defined above

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

Dictionary Entries Near limited partnership

Cite this Entry

“Limited partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20partnership. Accessed 27 May. 2024.

Legal Definition

limited partnership

see partnership

More from Merriam-Webster on limited partnership

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