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 ?
2) The silent partners are those who subscribe to the company capital and shall be responsible for the company liabilities only to the extent of their share in the capital or what they committed to pay to the company.
Even while the transfer tax system is in place, with proper planning and implementation, there are perfectly legal strategies for minimizing the devastating effects of this ever present silent partner.
Although it shares the same exterior dimensions as conventional mufflers, the Silent Partner silencer combines four separate acoustic technologies - reactive silencing, resistive silencing, adsorptive silencing and damping.
Your company has the right to terminate the venture if a change in the foreign venturer's situation - for example, an individual becomes a foreign-government or party official, or a corporate joint venturer acquires a silent partner who is a government official - creates a potential FCPA risk or violation.
The MEMODYNE Silent Partner Thermal Printer provides a high-speed (6 lines per second), high-contrast, noiseless printout (42 columns) in a rugged, low profile housing which conveniently fits anywhere on a circulation desk.
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.
com)-- Silent Partner Technologies (SPT) announced today the release of its major distributorship program.
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.
Circular" places Posnick in an unhurried solo (to Beth Quist's haunting a cappella vocal) within an intense blue pool of light as the full moon, her silent partner, waxes and wanes on the cyclorama behind her.
Life of a Lord has been the silent partner in Ireland's three-pronged national challenge.