Joint Venture - Law Dictionary Search Results
Home Dictionary Name: joint venture Page: 2Syndicate
Syndicate. A body of persons taking part jointly in some venture or undertaking; commercially, a body of persons associated temporarily for the purpose of buying a private business or other property and selling it at a profit-usually to a limited company. Private companies formed to carryout and complete some pending operation or transaction, or some contemplated operation or transaction, are commonly called Syndicates, Palmer's Co. Prec., pt. I....
partner
partner : one of two or more persons associated as joint principals in carrying on a business for the purpose of enjoying a joint profit : a member of a partnership ;specif : a partner in a law firm dormant partner : silent partner in this entry general partner : a partner whose liability for partnership debts and obligations is unlimited compare limited partner in this entry lim·it·ed partner : a partner in a venture who has no management authority and whose liability is limited to the amount of his or her investment compare general partner in this entry partner in com·men·dam [-in-kə-men-dəm, -kō-men-dÄ m] in the civil law of Louisiana : limited partner in this entry si·lent partner : a partner who takes no active part in conducting the partnership business but who receives a share of its profits and whose existence is often not made public called also dormant partner ...
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