A participant who has unlimited liability for the obligations of a partnership. Bloomberg Financial Dictionary
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general partner UK US noun [C]
► FINANCE a member of a partnership (= a company that is owned by two or more people) who shares its profits and must pay its debts if it goes bankrupt: »
As managing general partner of the winery, he wants to focus the family mission toward the production of fine wines.
Financial and business terms. 2012.