GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Limited Partnership

A partnership in which the general partner is the managing partner who operates the business and the limited partners are not involved in the day-to-day operation of the business and cannot bind the partnership to agreements.

Do you need an answer immediately?

Check out our FAQ page!