An extremely preppy store for young girls in which they can purchase grossly overpriced cloth garments equal to in quality the same cloth garments avalible for purchase in their local Mall-Wart.
by Blizzleair November 10, 2003
Get the Limited Too mug."wanna see my new porsche doin' 280 km/h?"
"i'd shit my pants for it! what about the speed limit?"
"ever seen a porsche with speed limit? fool..."
"i'd shit my pants for it! what about the speed limit?"
"ever seen a porsche with speed limit? fool..."
by bitcholai.deluxe October 4, 2005
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(US BUSINESS LAW) a type of business organization which is a cross between a partnership and a corporation. In a private partnership, all of the partners own all the assets in common and have unlimited liability; in a corporation, the firm assets are owned by a legal "person," and shareholders are liable only for the value of their stake (equity) in the firm.
Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.
In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.
In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.
Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.
In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.
In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.
Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
The limited liability partnership is a popular form of business organization for lawyers and other professionals.
by Abu Yahya September 2, 2010
Get the limited liability partnership mug.a scientific phenomenon, often observed in restaurants, but can occur anywhere food is available. It is described as the point in time where the conversation or level of interest has fallen low enough that participants begin to mix random foods together. Often, the Knowles Limit is used as an indication that the party is dead and it is time to move on.
by featherydragon May 15, 2009
Get the knowles limit mug.The list of writing credits on any given mainstream pop song, which contains far more names than necessary, sometimes not even including the artist who the music is attributed to. Why 8 people are required to write a song with literally the same arrangement as 99% of pop hits, we may never know.
"So this Demi Lovato song was written by Demi Lovato, Timothy Mosley, Jim Beanz, Jerome "Jroc" Harmon, Melissa Elliott, Lyrica Anderson, Nire, Garland Mosley, AND J. Angel."
"Arg, the limitless list of co-writers strikes again. I thought this was a solo artist?? When will we find someone who writes all her own music?"
"Arg, the limitless list of co-writers strikes again. I thought this was a solo artist?? When will we find someone who writes all her own music?"
by TheRealDiamond02 September 28, 2020
Get the limitless list of co-writers mug.The maximum theoretical number of penii that is capable of being serviced at a single moment. A system of pulleys and gears may be needed in order to approach the Gamow Limit. Named after George Gamow, originator of the term "Big Bang".
by Hannover Popsicle June 23, 2011
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