general partner
Babylon English English dictionaryDownload this dictionary
general partner
partner whose responsibility for current debts is not predetermined

Wikipedia English The Free EncyclopediaDownload this dictionary
General partner
General partner is a legal term used to describe a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the business's debts and obligations.

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General partnership
In the commercial and legal parlance of most countries, a general partnership (the basic form of partnership under common law), refers to an association of persons or an unincorporated company with the following major features:
  • Created by agreement, proof of existence and estoppel.
  • Formed by two or more persons
  • The owners are all personally liable for any legal actions and debts the company may face

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Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
General partner
partner who has unlimited liability for the obligations of the partnership.
The Lectric Law Library DictionaryDownload this dictionary
General Partner
One of two kinds of partners in a limited partnership. A general partner has the right to participate in the management of the partnership and has unlimited personal liability for its debts.

Courtesy of the 'Lectric Law Library.
English To Urdu LughatDownload this dictionary
general partner
Eng: general partner
Urdu: عمومی حِصّہ دار ۔ وہ حِصّہ دار جو اپنی کمپنی کے واجبات بے باق کَرنے کا پُورا پُورا ذِمہ دار ہو ۔
  



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