sleeping partner

A person who has capital in a partnership but takes no part in its commercial activities. He has all the legal benefits and obligations of ownership and shares in the profits of the partnership in accordance with the provisions laid down in the partnership agreement.

Accounting dictionary. 2014.

Look at other dictionaries:

  • sleeping partner — ➔ partner1 * * * sleeping partner UK US noun [C] UK FINANCE ► SILENT PARTNER(Cf. ↑silent partner): »Morrow was the sleeping partner behind many of these successful ventures …   Financial and business terms

  • Sleeping partner — Sleeping Sleep ing, a. & n. from {Sleep}. [1913 Webster] {Sleeping car}, a railway car or carrriage, arranged with apartments and berths for sleeping. {Sleeping partner} (Com.), a dormant partner. See under {Dormant}. {Sleeping table} (Mining), a …   The Collaborative International Dictionary of English

  • sleeping partner — sleeping partners N COUNT A sleeping 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. [BRIT] (in AM, use silent partner) …   English dictionary

  • sleeping partner — a partner who takes no active part in the administration of the firm. As far as liabilities of the firm are concerned, however, he is as much a partner and responsible as such just as much as if he took an equally active part in the… …   Law dictionary

  • sleeping partner — n BrE someone who owns part of a business but is not actively involved in running it American Equivalent: silent partner …   Dictionary of contemporary English

  • sleeping partner — noun count BRITISH a SILENT PARTNER …   Usage of the words and phrases in modern English

  • sleeping partner — ► NOUN Brit. ▪ a partner not sharing in the actual work of a firm …   English terms dictionary

  • sleeping partner — n. Brit. term for SILENT PARTNER …   English World dictionary

  • sleeping partner — noun a partner (who usually provides capital) whose association with the enterprise is not public knowledge • Syn: ↑silent partner • Hypernyms: ↑partner * * * noun, pl ⋯ ners [count] Brit : ↑silent partner * * * ˌsleeping ˈpartner [ …   Useful english dictionary

  • sleeping partner — Dormancy Dor man*cy, n. [From {Dormant}.] The state of being dormant; quiescence; abeyance. [1913 Webster] It is by lying dormant a long time, or being . . . very rarely exercised, that arbitrary power steals upon a people. Burke. [1913 Webster]… …   The Collaborative International Dictionary of English

  • sleeping partner — UK / US noun [countable] Word forms sleeping partner : singular sleeping partner plural sleeping partners British someone who invests money in a business but does not help to manage it …   English dictionary

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