Dormant partner


Also found in: Legal.
(Com.) a partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses; - called also sleeping partner or silent partner.
See under Dormant, a.

See also: Dormancy, Partner

References in periodicals archive ?
Matthew Hobden, for some time his dormant partner and with one previous double-figure score in the Championship, was 65 not out.
I am a dormant partner in a firm which is member of a stock exchange.
For the return of income which was filed by the partnership firm in which I have been a dormant partner for many years, the assessment was completed one year ago.