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Definition of

general partnership


business where all partners share profits and liabilities a business in which each partner has a share in the administration, profits, and losses of the operation

Definitions of ’general partnership’ and meaning of ’general partnership’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’general partnership’ and other financial terms with our online QFINANCE Financial Dictionary.

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