Silent partner

Silent Partner definition:
A person who invests in a company or partnership but does not take part in administering or directing the organization; he or she just shares in the profits or losses.

Silent Partner
(n) A silent partner is the person who become a partner by introducing capital and agreeing to the profit and loss of the firms without actively participating in the management of the partnership
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Silent Partner: A non-legal term for an investor who puts money into a business, but takes no part in the management and is usually unknown to the customers.

Silent partner: A partner not generally known as a co-owner of a firm or business, yet is entitled to the rights of partnership; a dormant partner; a secret partner.

Silent partner
Definition
: a partner who takes no active part in conducting the partnership business but who receives a share of its profits and whose existence is often not made public
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Silent partner: Person who invests in a company or partnership, shares in the profits or losses but takes no part in administering or directing the organisation.

See also: Attorney, Partnership, Lawyer, Service, State