LP

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LP

Limited Partnership

A business model in which at least one general partner and at least one limited partner share a business' ownership. In a limited partnership, the general partner does not usually make invest any capital, but has management authority and unlimited liability. That is, the general partner runs the business and, in the event of bankruptcy, is responsible for all debts not paid or discharged. The limited partners have no management authority and confine their participation to their capital investment. That is, limited partners invest a certain amount of money and have nothing else to do with the business. However, their liability is limited to the amount of the investment. In the worst case scenario for a limited partner, he/she loses what he/she invested. Profits are divided between general and limited partners according to an arrangement formed at the creation of the partnership.
References in periodicals archive ?
Paul Public Library wrote about the phonograph records that the library started collecting "13 years ago" (meaning 1913).
(42) No longer was music's value found solely in items that were explicitly musical in nature, like player pianos or phonograph records. It now had the potential to help sell any good or service in the market through radio commercials interspersed between musical programming.
Hemingway's music collection, including his sound system and phonograph records belonging to the author and his wives, is one of the most important.
A pick-up media similar to a 1/2" thick phonograph record removes the tramp and honing oil that contaminate industrial coolants - especially coolants used in parts washers and in machine tool industry.
All hit music numbers are being stolen off the Net,'' groaned Isamu Tomizuka, president of the Japan Phonograph Record Association.
But technology changes things: "Once it became possible to record a musical performance on a piano roll or phonograph record and to make and sell hundreds of those, or to broadcast performances over the radio, however, composers could be excluded from the additional proceeds generated by the recording or broadcast....Thus, each technological advance inspired a dispute about whether it entitled copyright owners to expanded rights over their works."
Its spatial expansion to the hundreds of thousands who share in the listening to the radio, its temporal expansion to the future listeners of the phonograph record that was recorded at the performance--this expansion is only the legitimate conclusion of the development that arose with the building of the first public concert halls and with the creation of the first works that were suitable only for them.
* "My father asked me to ask you: Could we find out the name of the phonograph record (Is that like a cassette tape?) that somebody named Groucho Marx (Is that the guy with the funny glasses on Nickelodeon?) made of children's songs?
* Diamond Cut Audio Restoration Tools 32: Cleans up clicks and pops from phonograph record source audio, removes hiss from cassette and reel-to-reel tape, and enhances CD audio recordings
-- Diamond Cut Audio Restoration Tools 32: Cleans up clicks and pops from phonograph record source audio; removes hiss from cassette and reel to reel tape, and enhances CD audio recordings.
His first major volume, Gubbdrunkning (The Drowning of an Old Man; 1965), was accompanied by a phonograph record in order to convey the printed word more dynamically, while the text abounded with sophisticated linguistic playfulness.
It's like recording on a CD instead of a phonograph record. This lets us record both very loud and very soft noises, which is important because soft echoes can indicate subtle subsurface layer properties."