GENERAL PARTNERSHIP Definition

Bookmark and Share

GENERAL PARTNERSHIP is one or more partners who are jointly and severally responsible or liable for the debts of the partnership.

Learn new Accounting Terms

ADJUSTED BASIS see BASIS.

EXTENSION RISK, with mortgage-backed securities, is the risk that rising interest rates will slow the prepayment of underlying mortgages and extend the maturity.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.