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.LIMC - Leprechaun In My Closet - An extremely lame band with no instruments created by 3 teenage girls in the United States with no lives whatsoever and a strange facination with mythical creatures. Hit songs include: "Leprechaun In My Closet", "Bigfoot vs. Aliens", "Nessy", and "CORN" (featuring a guest singer).
LIMC will be touring the Universe as soon as they can find some gold coins to pay for transportation, recording, and other small technicalities.
by LIMC December 14, 2008
Get the LIMC mug.that's funny. liwic
by saint robert October 10, 2009
Get the liwic mug.to put someone on limited view mode on facebook, ensuring they have minimal access to your profile.
to scale back, or intentionally retard the progress and development of a friendship or relationship by withholding information and limiting access
to scale back, or intentionally retard the progress and development of a friendship or relationship by withholding information and limiting access
-if she doesn't come to my party i'm limiviewing her ass
-sometimes we might go out for a drink, but i don't talk to her about my problems - she's on limiview
-i know its over cos after our second date he limiviewed me
-at least he didnt defriend you
-sometimes we might go out for a drink, but i don't talk to her about my problems - she's on limiview
-i know its over cos after our second date he limiviewed me
-at least he didnt defriend you
by whatever,ed! March 18, 2010
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