General Partner

A partner in a business who has unlimited liability.

Investopedia Says:
If a general partner is ever required to meet the partnership's obligations, even his or her personal assets may be subject to liquidation . Often a general partner is also the managing partner, which means this person is active in the day-to-day operations of the partnership. In the case of a limited partnership, only one of the partners will be the general partner and have unlimited liability. The other partners will have limited liability, so their personal assets would not be at risk.

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1. one of two or more partners who are jointly and severally responsible for the debts of a partnership.

2. managing partner of a Limited Partnership, who is responsible for the operations of the partnership and, ultimately, any debts taken on by the partnership. The general partner's liability is unlimited. In a real estate partnership, the general partner will pick the properties to be bought and will manage them. In an oil and gas partnership, the general partner will select drilling sites and oversee drilling activity. In return for these services, the general partner collects certain fees and often retains a percentage of ownership in the partnership.

In a Partnership a partner whose Liability is not limited. All partners in an ordinary partnership are general partners. A Limited Partnership must have at least one general partner.
Example: The general partner in a limited partnership is the Syndicator who arranges the purchase, seeks investors, and assumes all liabilities of the partnership.