Business and Personal Finance Dictionary

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• LIMITED PARTNERSHIP
  
  A limited partnership is a financial affiliation, including a general partner and a number of limited partners, that usually invests in real estate or some other venture. The arrangement can be public, which means you can buy into the partnership through a brokerage firm. Or it can be private, which generally means you have to know the people involved to participate. What makes the partnership limited is that everyone but the general partner has limited liability. The most they can lose is the amount they invest.
  
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