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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
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
What kinds of trusts and limited partnerships should be formed, and what assets should be transferred as gifts?
—Janet Arzt, Forbes, 2 Oct. 2024
The general partnership that owned 75% of the company was changed to a limited partnership with restrictions stipulating that only immediate family members could own shares.
—Chloe Sorvino, Forbes, 27 Sep. 2024
See all Example Sentences for limited partnership
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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 14 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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