Definition:
All partnerships have at least two people involved. In a limited partnership there are one or more general partners and one or more limited partners.
Limited partners have certain rights to the partnership's income and profits, but are not liable for company debts, liabilities, and other financial obligations.
Also Known As: LP, LPs, Limited Liability Partnership, Limited Partnership, Master Limited Partnership, Private Limited Partnership, Public Limited Partnership, Resyndication Limited Partnership, Venture Capital Limited Partnership
