Limited partner

Definition:

A partner who has limited legal liability for the obligations of the partnership. In private equity, the Limited Partner is an investor (in a private equity fund). See also: General partner.

Investing Essentials


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

Term of the Day

Expected future return

The return that is expected to be earned on an asset in the future. Also called the expected return.

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