Dormant partner

Also found in: Legal.

Related to Dormant partner: secret partner, silent partner, sleeping partner, nominal partner

(Com.)	a partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses; - called also sleeping partner or silent partner.
	See under Dormant, a.

See also: Dormancy, Partner

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.

References in periodicals archive ?

He runs the business entirely as I am a dormant partner, being based in the UAE.

NRIs may have a higher stake in equity shareholding

An ILP is similar to a limited partnership company in that a general (defined as an 'Active Partner' in the ILP Law) partner's liability is unlimited and a sleeping (defined as a 'Dormant Partner' in the ILP Law) partner's liability is unlimited.

Why the Introduction of Protected Cell Companies and Investment Limited Partnerships is Good News for Bahrain's Banking and Finance Sector

Matthew Hobden, for some time his dormant partner and with one previous double-figure score in the Championship, was 65 not out.

Stubborn Sussex in last-man stand-off

66 crore disproportionate assets case, Tamil Nadu Chief Minister Jayalalithaa on Tuesday fielded questions relating to firms in which she was a "dormant partner" and the extravagant wedding of her estranged foster son.