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 ?
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.
It was always assumed Desmond was a sleeping partner in that investment but now he has broken cover and plunged into the market himself.
It's more likely he'll become a kind of sleeping partner.
Moussa said that Guez would be an active exec within the company and not a sleeping partner.
Who should be there but Jenny - and it's clear her relationship with Frank extends to being a sleeping partner in more ways than one.
LAHORE, March 15, 2011 (Frontier Star): 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.
Among his apprentices was John Gorton, who later rode in Britain and won the Oaks on Sleeping Partner.
So end the nightmares and find the perfect sleeping partner.
Meanwhile Edward, 18, is hardly a sleeping partner in all this.
Snorers are encouraged to have their sleeping partner with them while they answer the questions because the partner is better placed to confirm the severity of their snoring.
Blair is grabbing the headlines around the world while Bush remains at home in America, seeming almost a sleeping partner.
Other sleep tidbits: 17 percent of Americans admit to falling asleep at work; anxiety or anger is the number-one reason for difficulty getting to sleep; and 45 percent of women cite snoring as the most annoying habit of their sleeping partner.