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
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 

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

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!