general partner
noun Date: 1822 a partner whose liability for partnership debts and obligations is unlimited

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • general partner — see partner Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. general partner …   Law dictionary

  • General partner — is a legal term used to describe a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the… …   Wikipedia

  • General Partner — Owners of a partnership who have unlimited liability. A general partner is also commonly a managing partner, which means that this person is active in the day to day operations of the business. Because any partner in a general partnership can act …   Investment dictionary

  • General partner — A partner who has unlimited liability for the obligations of the partnership. The New York Times Financial Glossary * * * general partner general partner ➔ partner * * * general partner UK US noun [C] ► FINANCE a member of a partnership (= a… …   Financial and business terms

  • general partner — A participant who has unlimited liability for the obligations of a partnership. Bloomberg Financial Dictionary * * * general partner general partner ➔ partner * * * general partner UK US noun [C] ► FINANCE a member of a partnership (= a company… …   Financial and business terms

  • general partner —    One of the owners of a partnership, which is a joint business for profit. Unlike the owners of a corporation, a general partner is personally liable for all the business debts and obligations. A general partner can take actions (e.g., signing… …   Business law dictionary

  • general partner — partner whose responsibility for current debts is not predetermined …   English contemporary dictionary

  • general partner — A partner in an ordinary partnership, as distinguished from the special or limited partner in a limited partnership. 40 Am J1st Partn § 510. The member of a limited partnership who has rights and powers analogous to those possessed by the members …   Ballentine's law dictionary

  • general partner — noun : a partner whose liability for partnership debts and obligations is unlimited distinguished from special partner * * * a partner with unlimited liability for the debts of the partnership. Cf. special partner. [1885 90, Amer.] …   Useful english dictionary

  • general partner — a partner with unlimited liability for the debts of the partnership. Cf. special partner. [1885 90, Amer.] * * * …   Universalium

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