a business partner who has no management authority and no personal liability


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  • Limited-partnership

    noun 1. a partnership formed by at least one general partner and at least one special partner.

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    [lim-i-tid-pey-muh nt] /ˈlɪm ɪ tɪdˈpeɪ mənt/ noun 1. a form of life insurance for which premiums are paid for a designated number of years.

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    noun, Insurance. 1. a policy that covers only certain types of losses within an area of risks.

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