silent partner

(redirected from silent partners)
Also found in: Dictionary, Thesaurus, Financial, Idioms.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
According to Article 49, the silent partner shall not interfere in the management of the company, even by virtue of a power of attorney.
Unfortunately for you, your silent partner was also silent when it came to divvying up his assets to his offspring.
But it was a mural honoring a recently deceased friend that drew the attention of Silent Partners owner Joseph Altman.
Collins Haynes and two silent partners have finalized plans for a six-story, mixed-used development to replace the building that houses Mr.