General partner
Definition
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.
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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
Term of the Day
Registration
In the securities market describes process set up pursuant to the Securities Exchange Acts of 1933 and 1934 whereby securities that are to be sold to the public are reviewed by the SEC.
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