silent partner

silent partner
silent partner see partner

Merriam-Webster’s Dictionary of Law. . 1996.

silent partner
An investor in a business who contributes capital and shares profits and losses but does no active management.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

silent partner
An investor who puts money into a business and in exchange receives a share in the profits, but takes no part in management and may be unknown to the public or customers. A silent partner may be liable for business debts and judgments unless designated as a limited partner in a limited partnership agreement.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

silent partner
n. An investor in a business who takes a share of the profits, but who plays no active role in the day-by-day activity of that business. It is not unusual for a silent partner's name to be kept off the public record.

Webster's New World Law Dictionary. . 2000.

silent partner
   a non-legal term for an investor who puts money into a business, takes no part in management and is often unknown to customers. A "limited partner," who is prohibited from taking part in management and has no liability for debts beyond his/her investment, is a true silent partner. However, without a limited partnership agreement, a silent partner is responsible for the debts of the partnership as a general partner.

Law dictionary. . 2013.

Look at other dictionaries:

  • Silent partner — may refer to: *An anonymous member of a business partnership, or one uninvolved in management * The Silent Partner , the name of several films *Silent partner (climbing), a piece of climbing equipment * Silent Partner (book), by Dina Matos… …   Wikipedia

  • Silent Partner — may refer to: * Silent Partner (book) , a book by Dina Matos McGreevey * The Silent Partner , the name of several movies * Silent Partner , a 2005 movie *Silent Partner (climbing), a piece of climbing equipment …   Wikipedia

  • Silent partner — Silent Si lent, a. [L. silens, entis, p. pr. of silere to be silent; akin to Goth. ana silan.] 1. Free from sound or noise; absolutely still; perfectly quiet. [1913 Webster] How silent is this town! Shak. [1913 Webster] 2. Not speaking;… …   The Collaborative International Dictionary of English

  • Silent partner — Partner Part ner (p[aum]rt n[ e]r), n. [For parcener, influenced by part.] 1. One who has a part in anything with an other; a partaker; an associate; a sharer. Partner of his fortune. Shak. Hence: (a) A husband or a wife. (b) Either one of a… …   The Collaborative International Dictionary of English

  • silent partner — silent partners N COUNT A silent partner is a person who provides some of the capital for a business but who does not take an active part in managing the business. [AM] (in BRIT, use sleeping partner) …   English dictionary

  • silent partner — n AmE someone who owns part of a business but is not actively involved in the way it operates British Equivalent: sleeping partner …   Dictionary of contemporary English

  • silent partner — noun count AMERICAN a partner in a business who has no control over how the business is managed …   Usage of the words and phrases in modern English

  • silent partner — ☆ silent partner n. a partner who shares in financing but not in managing a business, firm, etc …   English World dictionary

  • silent partner — A partner in a business who has no role in management but shares in the liability, tax responsibility, and cash flow. Bloomberg Financial Dictionary * * * silent partner silent partner ➔ partner1 * * * silent partner UK US noun [C, usually sin …   Financial and business terms

  • silent partner — noun a partner (who usually provides capital) whose association with the enterprise is not public knowledge • Syn: ↑sleeping partner • Hypernyms: ↑partner * * * noun, pl ⋯ ners [count] chiefly US : a partner who invests money in a business but is …   Useful english dictionary

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