Business, Legal & Accounting Glossary
A partner with unlimited legal responsibility for the debts and liabilities of a partnership.
n.
A person who joins with at least one other to own and operate a business for profit — and who (unlike a corporation’s owners), is personally liable for all the business’s debts and obligations. A general partner’s actions can legally bind the entire business. See also partnership, limited partnership.
sponsor
member firm
hedge fund
accredited investor
limited partnership
allied member
incentive fee
revenue sharing
commodity pool operator
nonmember firm
general partnership
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This glossary post was last updated: 5th November, 2021 | 0 Views.