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.
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 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 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 14 Mar. 2025.

Legal Definition

limited partnership

see partnership

More from Merriam-Webster on limited partnership

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