Limited partnership
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Limited partnership is a partnership in which limited partners' liabilities, investment returns, and control are limited; general partners have unlimited liability and control.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Limited partnership. A partnership in which limited partners' liabilities, investment returns, and control are limited; general partners have unlimited liability and control.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
