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limited partnership
noun
: a partnership having one or more general partners and one or more limited partners
Examples of limited partnership in a Sentence
Recent Examples on the Web
This increase is due to higher compensation expenses related to limited partnership units and RSUs.
—Quartz Bot, Quartz, 8 Nov. 2024
The son of Robert Kraft, the Patriots’ majority owner, Jonathan explained how limited partnerships in the NFL are primed for private equity at an institutional level and with family offices.
—Jason Clinkscales, Sportico.com, 4 Nov. 2024
Structured as a limited partnership, ET offers a dividend yield of 7.8%.
—Tipranks.com Staff, CNBC, 27 Oct. 2024
Master limited partnerships are not subject to federal income taxes, but the limited partners — the investors — in them are responsible for taxes on the income that is distributed.
—Darla Mercado, Cfp®, CNBC, 23 Oct. 2024
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Word History
First Known Use
1791, in the meaning defined above
Time Traveler
The first known use of limited partnership was
in 1791
Dictionary Entries Near limited partnership
Cite this Entry
“Limited partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20partnership. Accessed 25 Nov. 2024.
Legal Definition
limited partnership
see partnership
More from Merriam-Webster on limited partnership
Britannica.com: Encyclopedia article about limited partnership
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