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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.
A member of a partnership who does not take active part in management and who is not publicly recognized as a partner.
A partnership investor without any voting power or authority. See limited partnership.