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Partner's Liability
The legal and financial obligations that a partner incurs as part of participation in a partnership, which can vary depending on the type of partnership and the agreement among partners.
Ownership Percentage
The fraction of a company's shares owned by an individual or entity, representing a portion of control over the company.
General Partner
An owner of a partnership who has unlimited liability and is active in managing the firm, as opposed to a limited partner with limited liability.
Secondary Market
The market where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.
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