The gross profit is more inportant than the net profit
Limited partner.
<h3>
What is a Limited partner?</h3>
- A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business.
- Silent partners are another name for limited partners.
<h3>What is Limited Partnership?</h3>
- Similar to a general partnership, a limited partnership (LP) must have at least one general partner (GP) and at least one limited partner, as opposed to the minimum requirement of two GPs for general partnerships.
- Different from limited liability partnerships, which only have limited liability for each participant, are limited partnerships.
- The GPs are, in most significant ways, in the same legal position as partners in a traditional firm: they have management control, share the right to use partnership property, divide the firm's profits into fixed shares, and have joint and several liabilities for the partnership's obligations.
Therefore, the answer is a limited partner.
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When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
<h3>What is stated amount?</h3>
A stated amount is the value or amount the owner of a property gives as the worth of the property. This can be for your vehicle and it is provided to the insurer.
The stated amount is given for insurance to show the worth of a property that is insured.
Insurance helps to prevent total loss on a property incase of some unforeseen circumstance.
Therefore, When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
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