LP

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LP

Limited Partnership

A business model in which at least one general partner and at least one limited partner share a business' ownership. In a limited partnership, the general partner does not usually make invest any capital, but has management authority and unlimited liability. That is, the general partner runs the business and, in the event of bankruptcy, is responsible for all debts not paid or discharged. The limited partners have no management authority and confine their participation to their capital investment. That is, limited partners invest a certain amount of money and have nothing else to do with the business. However, their liability is limited to the amount of the investment. In the worst case scenario for a limited partner, he/she loses what he/she invested. Profits are divided between general and limited partners according to an arrangement formed at the creation of the partnership.
References in periodicals archive ?
It's total conjecture but for me, these alternate dimensions represent different playthroughs of the same game.
The scene is variable, and if Shepard has a love interest in a given playthrough, it will be that character who places Shepard's name on the memorial wall.
Most online casinos do offer a maximum withdrawal amount, and require that players meet playthrough requirements before they're able to request a withdrawal.
This feature is augmented by the NQ100's audio playthrough capabilities, which allow it to be used with most stereo components, portable CD or tape players, and in-flight entertainment systems.
To meet the demands of the consumer market, the NQ100 has audio playthrough capabilities that allow it to be used with most stereo components, portable CD or tape players and in-flight entertainment systems.
The playthrough feature expands the scope of this product to that of a truly functional and versatile piece of personal audio equipment," Baxter said.