Shared ownership among two or more individuals, some of whom may, but do not necessarily, have limited liability with respect to obligations of the group. See: General partnership, limited partnership, and master limited partnership.
Similar Matches
Equipment leasing partnership
Equipment leasing partnership A limited partnership that receives income and tax benefits such as depreciation costs by purchasing equipment and leasing it to other parties.
General partnership
General partnership A partnership in which all participants are general partners.
Income limited partnership
Income limited partnership A limited partnership whose main goal is income generation, e.g., real estate, oil equipment.