partner

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partner

n. 1) one of the co-owners and investors in a "partnership" which is an on-going business enterprise entered into for profit. A "general partner" is responsible for the debts, contracts and actions of all the partners in the business, is an equal in management decisions unless there is an agreement establishing management duties and rights, and shares in the profits and losses based on the percentage of the investment (either in money or effort) in the partnership. A "limited partner" does not share responsibility for debts beyond his/her investment, cannot share in management, and shares in profits based on a written agreement. A "silent partner" is no different from any partner except he/she is not visible to the public and has no part in day-to-day management. 2) slang for "domestic partner," usually two people living together, either homosexual or heterosexual, sharing lives and possessions, and not married. (See: partnership, limited partnership, general partner)

partner

noun abettor, accessory, accomplice, adjutor, adjuvant, aid, aider, ally, assistant, associate, coadjutant, coadjutor, cohelper, collaborator, colluder, companion, compeer, confederate, consociate, cooperator, coowner, copartner, coworker, fellow worker, helper, member of a partnership, partaker, participator, sharer, socius, teammate, teamworker, workfellow
Associated concepts: equal partner, general partner, limited partner, managing partner, nominal partner, partner in crime, silent partner, surviving partner
Foreign phrases: Cum aliquis renunciaverit societati, solviiur societas.When any partner renounces the partnership, the partnership is dissolved. Socii mei socius meus socius non est. The partner of my partner is not my partner.
See also: accessory, accomplice, assistant, associate, coactor, coadjutant, coconspirator, cohort, colleague, confederate, connect, consociate, consort, conspirer, contributor, copartner, member, participant, partisan, party
References in periodicals archive ?
Like the empty bowls and the partnerless dancers in the Arpillera
Gregory, from a Chicago suburb, had been partnerless for three years and told her coach she would go back to school if she didn't have a partner by Sept.
Last year its proposed merger with Bank of Scotland flopped and Lloyds TSB were refused permission to buy it, leaving the Abbey partnerless.
Billington, who won the challenge last year, then `adopted' the partnerless Supple and again went clear in a good time.

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