A partner in a limited partnershipwho is primarily an investor and does notparticipate in the management of the business,and who is not personally liable for thepartnership’s debts.

Merriam-Webster Online Dictionary
limited partner (noun)
a partner in a venture who has no management authority and whose liability is restricted to the amount of his or her investment - compare general partner
« Back to Glossary Index
Exam Pass Guarantee

Risk Free Exam Pass Guarantee

We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.