Partner


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Partner

Business associate who shares equity in a firm.

Partner

In a company, one who shares with at least one other person, jointly and severally, the right to share revenue, as well as at least some of the financial risk for the company's debts. In a general partnership, all partners share this right as well as management authority over the business. In a limited partnership, one or more general partners maintain management authority while limited partners only share in profit. In a limited liability partnership, partners may or may not have management authority and share revenue according to some predetermined arrangement. The allocation of risk differs between each of these types of partnership as well.

partner

A member of a partnership.
References in classic literature ?
I mean, partner,' replied Venus, slowly, 'that it's hardly possible for a man to feel in a more amiable state towards another man than I do towards you at this present moment.
You must be wandering in your mind, partner,' Silas remonstrated.
Venus shook his shock of hair, as he replied, 'It wouldn't do to mutilate it, partner.
You're welcome to it, partner, in a spirit of trust and confidence.
To which Mr Wegg returned, 'Thank'ee, partner,' and the tea was made and poured out.
A man and a woman, both young, partners on an isolated plantation.
Lastly, I wrote to my partner, acknowledging his industry in the improving the plantation, and his integrity in increasing the stock of the works; giving him instructions for his future government of my part, according to the powers I had left with my old patron, to whom I desired him to send whatever became due to me, till he should hear from me more particularly; assuring him that it was my intention not only to come to him, but to settle myself there for the remainder of my life.
This latter part we found to concern us directly, though we knew it to be false; yet, as my partner said, very justly, if we had fallen into their hands, and they had had such a prepossession against us beforehand, it had been in vain for us to have defended ourselves, or to hope for any good quarter at their hands; especially considering that our accusers had been our judges, and that we could have expected nothing from them but what rage would have dictated, and an ungoverned passion have executed.
This danger a little startled my partner and all the ship's company, and we immediately resolved to go away to the coast of Tonquin, and so on to the coast of China--and pursuing the first design as to trade, find some way or other to dispose of the ship, and come back in some of the vessels of the country such as we could get.
My partner endeavoured to encourage me by describing the several ports of that coast, and told me he would put in on the coast of Cochin China, or the bay of Tonquin, intending afterwards to go to Macao, where a great many European families resided, and particularly the missionary priests, who usually went thither in order to their going forward to China.
The dogs had laid down in the snow, and he walked past them to join his partner in the sled.
You needn't stray off too far in doin' it," his partner admonished.