Research and development limited partnership(redirected from Research and Development Limited Partnerships)
Research and development limited partnership
A partnership whose investors put up money to finance new product R&D in return for profits generated from the products.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Research and Development Limited Partnership
A limited partnership where limited partners (who have no management authority) provide capital for the general partner (who manages the venture) to conduct research and development activities for a new product, or perhaps new uses for an old product. In return, the limited partners are entitled to a share of the profit on any new inventions, uses, or products developed in the process of R&D.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved