A limited partner is one who has limited his/her:

Question

Quizplus · Accepted Answer

A limited partner's liability for partnership debts is limited to the amount of their contribution to the partnership. They do not have unlimited liability like a general partner does. This is the defining characteristic of a limited partner. While limited partners may also have limited management rights and a limited share in profits and losses, these are not the defining characteristics of a limited partner.

A Limited Partner Is One Who Has Limited His/her