sleeping partner

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sleeping partner

Someone who is closely associated or involved with a busines or corporation, typically through financial investment, and therefore shares in its risks and rewards, but does not participate in its day-to-day operations and management. Primarily heard in UK. Dave's father agreed to be a sleeping 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 sleeping partners that might be financing the drug trade throughout the country.
See also: partner, sleep

sleeping partner

  (British) also silent partner (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