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.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Without Recourse Financing

Financing in which the right of recourse to the party receiving funds is forfeited to the party advancing funds. This may be evidenced by conditions added to the endorsement of a draft being sold by... Read More

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