Limited partner

(redirected from Special Partners)
Also found in: Dictionary.

Limited partner

A partner who has limited legal liability for the obligations of the partnership.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
(P)GCC members resisted several Saudi initiatives: the speedy wish of King Abdullah to move the council from cooperation to union, the common currency with a central bank in Riyadh, the incorporation of Morocco and Jordan as special partners in the (P)GCC and the 2012 common security treaty.
The AU further called for a special partners' conference to provide assistance to Abyei and that 2% of oil revenues originating from Abyei is used for the development of the area, as per previous agreements.
In August the focus will be on Alaska & Seattle's offerings, and Norwegian hosted a special Partners First Webinar on August 13.
OPENING NIGHT: The Southmartins, above, will be appearing on Friday at Midnight Special YOUNGER GENERATION: Midnight Special partners, from left, Warren Clough, Stephen Gardiner and Tom Dalby and how we told of the Stockton High Street revamp plans Picture left by
PC Mark Goulding and PCSO Matt Smith have been trying to boost communication with people from Peterston-super-Ely by encouraging them to use a special Partners and Communities Together (PACT) postbox.
To celebrate this iconic feature, Riffa Views has produced a limited edition in miniature which will be presented to special partners in sharing the success of the project and the development of the Kingdom of Bahrain.
For purposes of the retirement program, XYZ partners are divided into two classes, general partners and special partners. 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.
Prime Minister Junichiro Koizumi and visiting Nigerian President Olusegun Obasanjo agreed Tuesday to become special partners in furthering the advancement of the African continent as a whole, a Japanese Foreign Ministry official said.
We are hoping both of us will meet two special partners.
But here we look at the special partners urging their blokes on from the boundary...and how they rate on the Mirror's scoreboard.
These special partners provide another dimension to housing and are increasingly being required by housing authorities, especially if the project's developer is a for-profit entity.

Full browser ?