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.
Overall, the analyst is bullish on EPD stock and views it as a core master limited partnership holding, having both offensive and defensive characteristics. Tipranks.com Staff, CNBC, 6 Apr. 2025 And so, the LP agreement gave these limited partners the ability to negotiate and execute contracts on behalf of the limited partnership. Tax Notes Staff, Forbes, 25 Feb. 2025 The view from 10,000 feet isn’t exactly attractive—this master limited partnership’s units have been cut by 60% since 2011 amid a volatile longer-term downtrend in the price of propane. Brett Owens, Forbes, 24 Feb. 2025 But by the 1970s, creative uses of limited partnerships proliferated. Paul Kiel, ProPublica, 11 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 21 Apr. 2025.

Legal Definition

limited partnership

see partnership

More from Merriam-Webster on limited partnership

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