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 classic literature ?
But here came the conditional clause, and to this he entreated the special attention of his comrade, brother, and partner. It was not to be borne that the minion and worm should carry off any of that property which was now to be regarded as their own property.
"The Financial Accounting Standards Board's generally accepted accounting principles require that an off-balance sheet partnership must have a 3 percent investment from an outside partner. In this case, the investment is 50 percent for both partners."
Oracle's 6,200 partners in the EMEA region can take advantage of the Oracle(R) Partner Resource Network, a single point of contact for all their dealings with Oracle.
SAP's Smart Business Solutions initiative will bring together the national SAP SMB partner programs into a global partner program that supports partners in developing solutions with a high level of quality, consistency, and scope.
This study, called Positive Partners, will initially enroll 20 sexually active HIV-positive couples.
"Our partner was able to perform more precise experiments with our samples than we could," Dean said.
752 provides that a partner's basis in its partnership interest includes its share of partnership liabilities.
The IT giant used the event to launch its FY13 Partner Program titled 'Partner Plus'.
They held a meeting to discuss the logistics of the project and then trusted that their partner's 10-plus years of experience in building homes would steer them in the right direction.
Study results were based on 82 women who reported their first sexual intercourse with a male partner during the study or the two weeks before enrollment.