[F. commandite (repr. L. type commendīta: Du Cange has med.L. commendīre, -dītus, as variant of commendāre), f. commander in sense to entrust, commit; the full French phrase is ‘société en commandite’ (Littré).] ‘A company to which persons advance capital without assuming the functions of partner, or incurring any responsibility’ (Littré). Also attrib.
1844. Mill, Ess. Quest. Pol. Econ., 119. By subscribing to some joint-stock company, or entering into commandite.
1852. McCulloch, Dict. Commerce, 389. Companies en Commandite … consist of one or more partners liable, without limitation, for the debts of the company, and one or more partners, or commanditaires, liable only to the extent of the funds they have subscribed.
1883. Fisheries Exhib. Catal., 59. A contract of partnership … in the shape of the Commandite principle.
