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 ?
Fifty-eight percent of those with sleeping partners say it is the hardest environmental factor to compromise on with their partner.
Women were much more likely than men to mention that their sleeping partner does something that prevents them from sleeping (84 percent vs.
Pricing of the Sleeping Partners line ranges from $160 to $200 for a crib bumper, $60 to $120 for a coverlet, and as much as $40 for a pima cotton fitted sheet.
BackCare(R) Ultimate also is available with Dual Comfort(R), a new feature providing sleeping partners with different levels of firmness.
IT seems that football managers will have to become as circumspect as politicians when it comes to their sleeping partners.
I tell my partner that the baby line will one day take over the adult line," said Sandy Tabatznick, president of Sleeping Partners.
But she mentions her other sleeping partners, Leonard Rossiter and Sir Robin Day.
And, it's Stoch's non-mainstream attitude regarding bedding which has vaulted Sleeping Partners to a $1 million-a-year operation.
Bestie, who knows more about sleeping partners than Warren Beatty, says he is one of them in this new venture.
NEW YORK--Ten years ago, Salvo Stoch, president of SoHo-based Sleeping Partners, manufacturer of bed tops and more, found himself in a predicament.
43) A "sleeping partnership" is a contractual arrangement under which an investor (the sleeping partner, with limited liability) contributes money or property to the contracting partner's business in exchange for a share in the business's profits and under the entitlement to obtain specified information about the business's development.