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A partner in a business who has no role in management but shares in the liability, tax responsibility, and cash flow.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A member of a partnership who does not take active part in management and who is not publicly recognized as a partner.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
A partnership investor without any voting power or authority. See limited partnership.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.