sleeping partner


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sleeping partner

Someone who is closely associated or involved with a business 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. 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
References in periodicals archive ?
Sally's so impressed she decides to become his permanent sleeping partner - and asks him to move in.
As well as running the family home and caring for the ex-couple's now adult children, the judge said the wife, in her late fifties, had been "far more than a sleeping partner" in her husband's business ventures.
He agreed and became a sleeping partner, before being bought out a few years later.
LAHORE, March 15, 2011 (Balochistan Times): Pakistan Muslim League (Q) on Monday decided to become sleeping partner of the PPP government in centre and vowed to even vote for Premier Gilani as and when required.
My first bet was a two-shilling straight forecast, Sleeping Partner (100-6) beating Frontier Goddess in the Oaks.
* SLEEPING PARTNER: Lost in Dreams by Jennifer Reed, of Whitesboro, New York state
However the Dubai Chamber of Commerce and Industry said most companies with more than one shareholder were run by foreigners, with the Emiratis remaining inactive as a "sleeping partner" for an annual fee starting from Dh3,000.
A WOMAN who inexplicably set fire to the pillow beneath her sleeping partner's head could be jailed indefinitely.
When the ECHO contacted Mr Thompson on January 19 after being alerted by customers about the closure of the Aintree store he said: "I ama sleeping partner in the business.
That leaves one wondering whether he was anything more than a sleeping partner in New Labour's plan to Balkanise Britain with regional assemblies, not only in Wales and Scotland but within vague English zones, such as the North West or North East.
Who will run the club and how will it be run - will you be hands-on or a sleeping partner?
It was always assumed Desmond was a sleeping partner in that investment but now he has broken cover and plunged into the market himself.
Sharon reveals a sleeping partner helped her buy the Vic, but she won't say who.
Moussa said that Guez would be an active exec within the company and not a sleeping partner. "I've known (Paul) for a long time," he said.