Limited partner

(redirected from Special partner)
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Related to Special partner: Special partnership

Limited partner

A partner who has limited legal liability for the obligations of the partnership.

Limited Partner

In a company, one who shares with at least one other partner, jointly and severally, a business' ownership. Limited partners exist in limited partnerships and limited liability partnerships, but in both situations they are only liable for the capital they have invested in case of bankruptcy. In limited partnerships, the limited partners have no management authority and confine their participation to their capital investment. In limited liability partnerships, all partners are limited and therefore at least some have management authority. Profits are divided among limited partners according to an arrangement formed at the creation of the partnership.

Limited partner.

A limited partner is a member of a partnership whose only financial risk is the amount he or she has invested.

In contrast, all the assets of the general partner or partners, including those held outside the partnership, could be vulnerable to claims brought by the partnership's creditors.

References in periodicals archive ?
Ricciardone said that Turkey was always a special partner for the United States and Turkey played an important role in regard to energy security in the region.
TMC, a Special Partner of the Tokyo International Film Festival since 2008, is providing 33 low-environmental-impact Prius Plug-in Hybrids to support the festival's efforts to conduct the annual event as environmentally consciously as possible.
The agreement will make Pivotal Payments fully compatible with the StoresOnline shopping cart and enable StoresOnline merchants to benefit from a simplified payment solution, special partner pricing, and 24/7 customer support.
Peace said: "We have a choice, as we did last year, when we could actually sell shirt sponsorship for the commercially available amount or wait for a more strategic special partner who we would perceive paying the right amount.
Summary: ADAOX Middle East, the regional business development centre of ESET NOD32 Antivirus, today announced that they held special partner conference and training session exclusively for their channel partners at the Tower Rotana in Dubai last week.
If she has this attitude, why doesn't Peaches make more of an effort to find a special partner that might last forever?
It's just that Garcia is such a special partner and it gives Westwood a huge edge over the other four.
With its specific expertise and with the unique activities it implements from Vancouver to Vladivostok, OSCE is a special partner of the United Nations.
However, despite the thrill of gorgeous young groupies throwing themselves at him and his buddies whereever they go in the world, Matt appears to be on the look-out for that one special partner he can call his own (Knight of Cups with The Lovers).
Each retiring general partner is entitled to 150% of the partner's highest annual calendar-year compensation during the final four years of service; each retiring special partner is entitled to 100% of the partner's average annual calendar-year compensation during the final five calendar years.
The Partnership has developed a special partner relationship with the Booker T.
But each one of us is a glorious original, and each one has the capacity--the potential--to be God's special partner.

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