A participant who has unlimited liability for the obligations of a partnership. In private equity, the General Partner is the managing partner of the PE company who has unlimited personal liability for the debts and obligations of the Limited partnership and the right to participate in the management. See also:Limited partner.
Nearby TermsGeneral obligation bonds General Order General partner General partnership General price level
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University