GP (General Partner)
A General Partner (GP) is a legal entity or structure that serves as the owner and manager of a limited partnership (LP). A key characteristic of a GP is its unlimited liability. GPs are typically responsible for managing the partnership’s operations. The term “GP” is also used to refer to the individual or entity that […]
Grantor of a Trust
The Grantor of a trust is the individual who creates the trust and contributes the assets held within it. Read more: https://www.investopedia.com/terms/g/grantor.asp