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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Master limited partnerships themselves aren’t subject to federal income taxes, but the limited partners – that is, the investors – are on the hook for income distributed. Darla Mercado, Cfp®, CNBC, 28 Jan. 2025 The disclosure forms also showed Mr. Lutnick serves as chairman or executive in at least four firms with ties to China, including a limited partnership and a limited liability company that BGC runs in China. Ana Swanson, New York Times, 24 Jan. 2025 These entities include nearly all business entities such as corporations, limited liability companies, limited partnerships and the like. Jay Adkisson, Forbes, 29 Dec. 2024 Flanigan's plans to continue its expansion strategy by opening new locations and forming limited partnerships to raise capital for new restaurants. Quartz Bot, Quartz, 27 Dec. 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

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Cite this Entry

“Limited partnership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20partnership. Accessed 10 Mar. 2025.

Legal Definition

limited partnership

see partnership

More from Merriam-Webster on limited partnership

Last Updated: - Updated example sentences
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