- partnership, general
n.A partnership in which partners share profits, losses, and management equally, regardless of the contributions to capital made by each of them.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
Look at other dictionaries:
partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro … Law dictionary
general partnership — see partnership Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. general partnership … Law dictionary
Partnership — For the cricket term, see Partnership (cricket). A partnership is an arrangement where parties agree to cooperate to advance their mutual interests. Since humans are social beings, partnerships between individuals, businesses, interest based… … Wikipedia
partnership — a legal business relationship of two or more people who share responsibilities, resources, profits, and liabilities. Glossary of Business Terms See general partnership and limited partnership. American Banker Glossary Shared ownership among two… … Financial and business terms
Partnership — Shared ownership among two or more individuals, some of whom may, but do not necessarily, have limited liability. See: general partnership, limited partnership, and master limited partnership. The New York Times Financial Glossary * * *… … Financial and business terms
general partnership — A partnership in which every partner is fully liable to the full extent of his, her, or its net worth for all the obligations of the partnership. American Banker Glossary A partnership in which all participants are general partners . Bloomberg… … Financial and business terms
General partnership — A partnership in which all partners are general partners. * * * general partnership general partnership ➔ partnership * * * general partnership UK US noun [C] FINANCE ► a company that is owned by two or more general partners who share its profits … Financial and business terms
partnership — A business owned by two or more persons that is not organized as a corporation. A voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business,… … Black's law dictionary
general — From Latin word genus. It relates to the whole kind, class, or order. Leuthold v. Brandjord, 100 Mont. 96, 47 P.2d 41, 45. Pertaining to or designating the genus or class, as distinguished from that which characterizes the species or individual;… … Black's law dictionary
general partner — see partner Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. general partner … Law dictionary