| 单词 | limited partnership |
| 释义 | limited partnershipˌlimited ˈpartnership noun [countable] (written abbreviation LP) social studies, economics a partnership (=business owned by two or more partners who share the profits and losses) in which only one of the partners has to be a general partner (=one who is responsible for a partnership’s debts, without any limit). The other partners are responsible for some of the partnership’s debts, but only up to the amount they invested when they first joined the partnership. |
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