universal partnership

noun

Definition of universal partnership

: a partnership that includes all the present and future property of the partners and all burdens or losses which without fraud are incurred by either partner and that is exemplified by the community of property between husband and wife under Roman Dutch law or the civil law

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Cite this Entry

“Universal partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/universal%20partnership. Accessed 15 Aug. 2022.

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