silent partner


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silent partner

n. 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. (See: general partner, limited partnership, partner)

References in periodicals archive ?
You should also find out whether government officials are silent partners of the foreign firm.
The value of The Silent Partner lies in the fact that it brings to light actual cases that are seldom shared in other security literature.
The company has recently released a case study with Silent Partner, a firm that provides Internet connectivity and colocation services, emphasizing the unique benefits of channel neutral partnerships.
Media Contact: Rick Lee, Silent Partner, 6263672848, rickalee1972@gmail.
Of course, they're not children now, they're grown adults, and there is no such recourse for the general partner against nuisance silent partners.
Silent Partner Technologies, based in Tarpon Springs, Fla.
amount of influence' as a silent partner," he said.
Brothers Colin and Gary Manning today announced they had purchased the shares of silent partner Tom Morris of TJ Morris, the parent company of Croxteth-based discount store chain Home Bargains.
com)-- Silent Partner Technologies (SPT) announced today the release of its major distributorship program.
It must have sent a shiver down umpire Billy Doctrove's spine - he was the silent partner when Darrell Hair accused Pakistan of ball-tampering at The Oval in 2006.
She has always assumed the role of hostess and silent partner for her veterans-advocate husband.
The images she creates makes the reader a silent partner in her initial discovery, extensive treatment and ultimate victory.