Limited partner

(redirected from Special Partners)
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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 ?
NCR Awards Emirates Computers Special Partner TrophyEmirates Computers was honored at the NCR EMEA RealPartner Conference 2008 for its solid performance and commitment to promoting NCR's products in this region.
For purposes of the retirement program, XYZ partners are divided into two classes, general partners and special partners.
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Japan and France are special partners that share universal values such as freedom, democracy, human rights and the rule of law," Abe said in the message, adding that he looks forward to meeting Macron at a summit of the Group of Seven (G-7) to be held in Italy later this month.
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These special partners advise and encourage local communities to develop a comprehensive and coherent strategy for their retail projects, accelerate their economic development and ensure their attractiveness.

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