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 ?
According to Article 49, the silent partner shall not interfere in the management of the company, even by virtue of a power of attorney.
Do you have reason to believe the agent or partner is engaged in illegal conduct under local law or is engaged in business with a silent partner who is a government official or member of the ruling family?
Fritz said that a significant portion of the funds is expected to be used to repay some of NeoMedia's obligations to silent partners assumed by the company in its acquisition of 12Snap AG in February 2006.
Sharpe and a group of silent partners committed to the creation of 120 full-time jobs over the next four years for Northern's two brewing plants in Sudbury and Sault Ste.
This year's auction has been turned over to Silent Partners Inc.
As such, it will continue its battle to ensure that the project by Thomas Properties Group and its silent partners is not built without adequate environmental review by the City of El Segundo in conformance with state law.
Defense lawyer Harland Braun said a better option might be to include alternates as silent partners in deliberations.