silent partner

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Silent partner

A partner in a business who has no role in management but shares in the liability, tax responsibility, and cash flow.

Silent Partner

In a partnership, a partner who owns a share in the company's equity, but does not take part in management. A partner provides capital in order to fund the company's operations and is liable for loss up to the amount of an investment. A silent partner is also responsible for at least a portion of the company's tax liability. Less commonly, a silent partner is called a sleeping partner.

silent partner

A member of a partnership who does not take active part in management and who is not publicly recognized as a partner.

silent partner

A partnership investor without any voting power or authority. See limited partnership.

References in periodicals archive ?
The Silent Partner silencer is available for use on all major truck engines.
Silent Partner Technologies is seeking driven, entrepreneurial-spirited technology and sales companies to participate in an exciting and continually evolving RFID market.
And, in the same routine, whether motor-mouthed Penn Jillette and silent partner Teller come up with the same astonishingly accurate numerical predictions each time.
Moyes, who has the second largest share in the team behind Ellman, will remain a silent partner.
At the Trailblazers Cafe and Grill at 30th Street West and Avenue L, Scarpellino is the owner of record and mostly silent partner who helps out with the book work, banking, ordering, errands and even table- swamping when necessary.
The county contacted The Newhall Land and Farming Company, which agreed to provide 200 acres and act as silent partner.
After waiting patiently for instructions from Earth, the Mars Pathfinder spacecraft's little rover Sojourner was likely driving around on its own Monday trying to regain contact with its silent partner.
The state has threatened to close the park for more than 40 sewage violations dating to 1994, but Monday granted a 30-day extension to Richard Salmonson, who is Mitchell Salmonson's brother and silent partner.