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    Business Dictionary

    The Yahoo Small Business Dictionary defines, explains, and cross-references more than 1,800 key small business words, phrases, acronyms, and concepts, covering topics including small business finance, management, sales, startup, exit strategy, and growth. To use the dictionary, type a word in the search box or click a letter to browse the listings alphabetically.

    General partner

    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.

    Glossary provided by Campbell R. Harvey, Professor of Finance at Duke University.
    Copyright © 2006, Campbell R. Harvey. All worldwide rights reserved. Do not reproduce without explicit permission.

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