sleeping partner


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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.

sleeping partner

a partner in a PARTNERSHIP who contributes capital to finance the business but takes no active part in managing the company. Sleeping partners still retain unlimited liability for the debts of the partnership alongside active partners.
References in periodicals archive ?
Reasons for women choosing one side of the bed over the other range from wanting to avoid their sleeping partner breathing on them to wanting the man to sleep nearest to the door so he can confront any burglars.
The sleeping partner is usually the victim who has to endure the tumultuous sounds, resulting in sleepless nights if he or she does not plug their ears or take refuge in a separate room.
However, it is highly unlikely that Karunanidhi's second wife Dayalu Ammal would be questioned by the CBI although she owns the majority stake in the Kalaignar TV, saying she is merely a sleeping partner in the company and questioning her would not elicit any information.
4 JEZ Quigley told Steve that he had killed Tony and he'd be next if he didn't let him use the taxi firm he'd invested in as a sleeping partner for drugs.
Show insiders were shocked at the glamorous model's choice of sleeping partner as the couple snuggled up together in the wilds of Connemara.
com contacted were "unhappy to miserable" with the mattresses and pillows chosen by their sleeping partner.
Snorers are encouraged to have their sleeping partner with them while they answer the questions because the partner is better placed to confirm the severity of their snoring and snoring habits.
Down under in Home and Away, Sally Fletcher (Kate Ritchie) becomes the latest victim of the Summer Bay stalker while in Neighbours, the crooked developers trying to take over Ramsay Street decide it would be better if their sleeping partner Paul Robinson (Stefan Dennis) never wakes up again.
It's true that persistent loud snoring strains many relationships, mostly because both snorer and sleeping partner become irritable from uneasy sleep or sleep-deprivation.
magazine enough to reply "yes" to some very personal questions, such as received a gift of intimate apparel from a member of the opposite sex (10 males, 21 females), used baby talk with a lover (11 males, 23 females), broke wind while lying in bed beside a sleeping partner (35 males, 32 females), engaged in sex out of doors (14 males, 22 females) and thought of another person during intercourse (16 males, 9 females).
Auto Space Saver Fabrications, based in Coleshill, has been run by 35-year-old Dawn Butler (right) with her mother Violet Mathews as a sleeping partner for the last four years.