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 ?
The silent partner may demand for a copy of balance sheet and profit and loss account, and to ascertain the authenticity of the contents, wherein for this purpose, he shall have the right to review the company books and documents in person or through an authorised representative.
The focus is on Lacan's "silent partners"--those previously overlooked thinkers who are the hidden inspiration to Lacanian theory.
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.
(At press time, Swiss banks had reached a tentative agreement to settle those allegations, and avert threatened sanctions, by paying more than $1 billion.) Picking up its own momentum, the indictment soon expanded into a depiction of the Swiss as a nation of heartless profiteers, "Hitler's silent partners," working to advance the Nazi cause without being shot at.
While some celebrities prefer to be silent partners or to simply lend their famous names, others are fulfilling lifelong ambitions.
Are bearded Russian thinkers your silent partners? Do you have a doorman by the name of Dostoyevsky?