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sleeping partner

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
sleeping partner (British, American & Australian)
someone who is closely involved with a company, and often provides money for it, but is not a manager of it. He was an extremely wealthy man, and she was hoping he might become a sleeping partner in their new vineyards.
See also: partner, sleep


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? References in classic literature
Now it appeared to him (Pumblechook) that if that capital were got into the business, through a sleeping partner, sir - which sleeping partner would have nothing to do but walk in, by self or deputy, whenever he pleased, and examine the books - and walk in twice a year and take his profits away in his pocket, to the tune of fifty per cent.
The same day I was placed in a shop in Broadway, belonging to a firm of which I now understood the colonel was a sleeping partner.
Lastly, he was a charming fellow and showed that he was not lacking in intelligence, for, as soon as he made up his mind to be a sleeping partner in the Opera, he selected the best possible active manager and went straight to Firmin Richard.
 
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