Limited partner-----A limited partner is a person who contributes capital to a business but who has no management responsibility or liability for losses beyond his or her investment in the partnership.
a) A limited partnership is a business co-owned by one or more general partners who manage the business and limited partners who invest money in it. Special rules apply to limited partnerships intended to protect customers and creditors who deal with them.
b) A master limited partnership (MLP) is a business partnership that is owned and managed like a corporation but taxed like a partnership. Units of owner-ship in MLPs can be sold to investors to raise capital and are often traded on organized security exchanges.