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 ?
Eighty-three percent of Americans with sleeping partners say they snuggle an average of 2.
Stuart says: "I'm a sleeping partner, really - it's Melanie's thing.
Women were much more likely than men to mention that their sleeping partner does something that prevents them from sleeping (84 percent vs.
I'm very much the sleeping partner," says Sangster, who works daily at the nearby Manton estate owned by his family but lives along the A4 in Hungerford.
Jealous Margaret Redford has been spared jail for a knife attack on her sleeping partner.
And when you go shopping for that perfect sleeping partner, remember size DOES matter.
The latter was ridden by John Gorton, who later joined Doug Smith at Newmarket and won the 1969 Oaks on Sleeping Partner.
Space restricts a complete answer so I'll concentrate on the year 1969 when Gorton's biggest scalp was Oaks winner Sleeping Partner (100- 6) trained by Doug Smith.
It added: "I wonder what her nicey daddy would think about her black Nigerian sleeping partner.
Strangely enough, in the same way that slippery Frank weasled his way into becoming first Carla's business then sleeping partner, he soon changes her mind by playing on her guilt over lusting after Peter Barlow.
Eph Smith was retained by Lord Rosebery for many years and rode his best horse, Blue Peter, to victory in the 2,000 Guineas and Derby in 1939; younger brother Doug both rode and trained for his lordship, training Sleeping Partner to win the Oaks in 1969; and Stan Smith rode Stewards' Cup winner Creole and St Leger third Fighting Ship for him in 1963.
BROOKSIDE: Ron is determined to be more than a sleeping partner in Bar Brookie.