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 ?
We have no doubt his liberality is well represented by his surviving partner,' said the gentleman, presenting his credentials.
Gummidge was the widow of his partner in a boat, who had died very poor.
You know how I detest it, unless I am particularly acquainted with my partner.
To this rendezvous the company sends annually a convoy of supplies from its establishment on the Atlantic frontier, under the guidance of some experienced partner or officer.
Best's been tellin' us as Miss Lyddy and Miss Irwine 'ull dance, an' the young squire 'ull pick my wife for his first partner, t' open the ball: so she'll be forced to dance, though she's laid by ever sin' the Christmas afore the little un was born.
To be secure of a partner at first was a most essential good-- for the moment of beginning was now growing seriously near; and she so little understood her own claims as to think that if Mr.
The worthy grocer could say no more; he had just perceived his partner.
As there were no men in the company the girls danced at first with each other, but when the hour for the close of labour drew on, the masculine inhabitants of the village, together with other idlers and pedestrians, gathered round the spot, and appeared inclined to negotiate for a partner.
As he stroked his closeclipped white whiskers and ran his hand through the rumpled grey locks above his jutting brows, his disrespectful junior partner thought how much he looked like the Family Physician annoyed with a patient whose symptoms refuse to be classified.
Allen did all that she could do in such a case by saying very placidly, every now and then, "I wish you could dance, my dear -- I wish you could get a partner.
He came back to town in September to let his partner go away, and Amy stayed on in the country.
While the couples were arranging themselves and the musicians tuning up, Pierre sat down with his little partner.