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
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.
For federal tax purposes, a limited partnership is treated as a pass-through entity, similar to a general partnership. Kelly Phillips Erb, Forbes.com, 6 June 2025 Last month, the owners of the New York Liberty sold a limited partnership stake in the franchise at a post-money $450 million valuation, according to someone familiar with details of the transaction. Kurt Badenhausen, Sportico.com, 5 June 2025 Two people familiar with the matter told CNBC that the situation around investment in the Giants remains very fluid, with different individuals and groups speaking with each other about forming a limited partnership to buy a stake. Michael Ozanian, CNBC, 21 May 2025 The agent listed for the limited partnership is Larry Allbaugh, according to a California Secretary of State document. Theresa Clift, Sacbee.com, 6 May 2025 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 17 Jun. 2025.

Legal Definition

limited partnership

see partnership

More from Merriam-Webster on limited partnership

Last Updated: - Updated example sentences
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