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 may demand for a copy of balance sheet and profit and loss account, and to ascertain the authenticity of the contents, wherein for this purpose, he shall have the right to review the company books and documents in person or through an authorised representative.
Your company has the right to terminate the venture if a change in the foreign venturer's situation - for example, an individual becomes a foreign-government or party official, or a corporate joint venturer acquires a silent partner who is a government official - creates a potential FCPA risk or violation.
We are thrilled to be involved in this event,'' said Scott Marin of Silent Partners.
Dennis Roemer, CFO, Cooper Health System, Camden, NJ said, "We have grown to understand that our silent partners are those who have invested in our bonds.