silent partner

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silent partner

Someone who is closely associated or involved with a business or corporation, typically through financial investment, so as to share in its risks and rewards without participating in its day-to-day operations and management. Primarily heard in US. Dave's father agreed to be a silent partner when we started our company, leaving us to run it once it was set up. In an attempt to crack down on corruption, federal investigators have begun looking into various silent partners that might be financing the drug trade throughout the country.
See also: partner, silent
References in periodicals archive ?
BiddingForGood offers our clients the best mobile bidding solution," said Scott Merrin, President and founder of Silent Partners.
Unfortunately for you, your silent partner was also silent when it came to divvying up his assets to his offspring.
Mark said, `I have these silent partners who will give you money, .
Sharpe and an ownership group of silent partners have invested $18 million in new high-speed production and packaging lines at the Sault Ste.
Testamentary practice and aldermanic proceedings from the thirteenth and fourteenth centuries attest that married women were by no means silent partners in marital property management.
While some celebrities prefer to be silent partners or to simply lend their famous names, others are fulfilling lifelong ambitions.