Partner

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Partner

Business associate who shares equity in a firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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

partner

A member of a partnership.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Darcy is not only guilty of giving offence at a provincial dance but, more damagingly, of being ungracious to the partnerless women at the dance (in direct contrast to Mr Knightley's treatment of Harriet Smith in Emma).
Like the empty bowls and the partnerless dancers in the Arpillera
Last year its proposed merger with Bank of Scotland flopped and Lloyds TSB were refused permission to buy it, leaving the Abbey partnerless.
Billington, who won the challenge last year, then `adopted' the partnerless Supple and again went clear in a good time.

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