partnership, general

partnership, general
n.
A partnership in which partners share profits, losses, and management equally, regardless of the contributions to capital made by each of them.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • general — From Latin word genus. It relates to the whole kind, class, or order. Leuthold v. Brandjord, 100 Mont. 96, 47 P.2d 41, 45. Pertaining to or designating the genus or class, as distinguished from that which characterizes the species or individual;… …   Black's law dictionary

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