Someone who will be your partner for the rest of your life, you will have the same sex and teh same cock forever.
by DaBomb July 10, 2003
Get the Lifetime Partner mug.If you're looking this up you've OBVIOUSLY never been to one. Not the typically party. Usually thrown by one who is a Disnazy.
by sparklycholoshankmeorspankme January 29, 2015
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Partna dem
• partna
• Big Partna
• mi partna dem
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• partner
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• partner in crime
Having to do with or not having to do with anything. When you just need a big word to fill in a sentence so that you sound like you know what you are talking about.
Also spelled partaqtious (q is silent and used because q's are not used enough in the english language.
Also spelled partaqtious (q is silent and used because q's are not used enough in the english language.
by Ian January 7, 2005
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Get the partially mug.(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
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by quirkymercy January 23, 2014
Get the partial mug.When you're going out with someone but you're in that awkward stage where you are transitioning from best friends to boyfriend/girlfriend. You basically are afraid to even touch each other. Don't fret, soon you'll be making out and all of your other friends will yell at you for PDA.
by WoahBro May 27, 2010
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