Limited Partner

Definition of "Limited partner"

Member of a partnership whose liability for partnership debts is limited to the amount invested in the partnership. A limited partner is prohibited from taking active part in the management of the partnership. Limited partnership may in some cases provide tax benefits.

Search Real Estate Glossary

Related Real Estate Glossary terms

Devisee

One who receives real property under a will. ...

Modern Georgian Architecture

Modeled after the English Georgian style, this architecture is a perfectly scaled grand symmetrical ...

Franchise Clause

Clause found in a marine insurance policy that states that the policy will not pay any claims less t ...

Mortgage Discount

One-time charge assessed by a bank or other financial institution at the closing of buying real prop ...

Tenancy

The period for which a tenant has the right of possession; It may be for a fixed period of severa ...

Et Al

Abbreviation for the Latin term et alii meaning "and others". ...

Related Real Estate FAQ

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is Earnest Money 3 tips to ensure your sale goes through How To Get A Loan with Bad Credit What Must I Disclose When Selling My Home? Should you Buy a Home with Cash?

FAQ

What do I need to know about Group Health Insurance? What is homeowners insurance? I need Hospital Insurance in addition to my current health insurance policy? What is a maintenance fee? What is a loan origination fee?