What is Limited partner (LP)?
An investor who commits capital to a fund, such as a pension, endowment, fund of funds, or family office. Liability is limited to the commitment.
Where you will use it: this term comes up in the Entrepreneurial Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Entrepreneurial Finance course by Devon Coombs, CPA, MBA.