A partner in a business who has no role in management but shares in the liability, tax responsibility, and cash flow.
Similar Matches
Cost of limited partner capital
Cost of limited partner capital The discount rate that equates the after-tax inflows with outflows for capital raised from limited partners.
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 partner
General partner A participant who has unlimited liability for the obligations of a partnership.