Examlex
The correct term for an entry made to the left side of an account is
Limited Partnership
A partnership arrangement in which some partners are only liable up to the amount of their investment, unlike general partners who have unlimited liability.
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Liability for Losses
The obligation of an individual or entity to compensate for damages or financial losses incurred by another.
Limited Partner
An investor in a partnership whose liability is limited to the amount of the investment and who does not participate in day-to-day management.
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