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limited partner
noun
: a partner in a venture who has no management authority and whose liability is restricted to the amount of his or her investment compare general partner
Examples of limited partner in a Sentence
Recent Examples on the Web
In North America, Major League Baseball, the National Basketball Association, the National Hockey League and Major League Soccer have permitted private equity firms to own limited partner stakes for several years.
—Michael Ozanian, CNBC, 19 Dec. 2024
The Bills also expanded their ownership with the addition of 10 new limited partners for the first time in franchise history.
—Eric Jackson, Sportico.com, 11 Dec. 2024
The solution, Congress decided, was to exclude most income earned by limited partners.
—Paul Kiel, ProPublica, 11 Dec. 2024
The Buffalo Bills have added two of the biggest names in basketball to their ownership groups.
NBA Hall of Famers and cousins Vince Carter and Tracy McGrady are two of the 10 limited partners added to the Bills' ownership.
—Gordon G. Chang, Newsweek, 11 Dec. 2024
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Word History
First Known Use
1824, in the meaning defined above
Dictionary Entries Near limited partner
Cite this Entry
“Limited partner.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20partner. Accessed 30 Dec. 2024.
Legal Definition
limited partner
see partner
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