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: one of two or more persons associated as joint principals in carrying on a business for the purpose of enjoying a joint profit
: a member of a partnership
: a partner in a law firm
: silent partner in this entry
: a partner whose liability for partnership debts and obligations is unlimited compare limited partner in this entry
: a partner in a venture who has no management authority and whose liability is limited to the amount of his or her investment compare general partner in this entry
partner in com·men·dam
[-in-kə-men-dəm, -kō-men-dÄ m]
in the civil law of Louisiana
: limited partner in this entry
: a partner who takes no active part in conducting the partnership business but who receives a share of its profits and whose existence is often not made public called also dormant partner
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.