limited partner

Show Summary Details

Quick Reference

A partner whose liability is limited to his or her investment in the partnership. A partnership in which one or more (but not all) of the partners are limited partners is called a limited partnership and is governed by the Limited Partnership Act 1907. Compare general partner. See also limited liability partnership.

Subjects: Accounting.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.