sleeping partner

sleeping partner
Dormancy Dor"man*cy, n. [From {Dormant}.] The state of being dormant; quiescence; abeyance. [1913 Webster]

It is by lying dormant a long time, or being . . . very rarely exercised, that arbitrary power steals upon a people. --Burke. [1913 Webster]

2. (Her.) In a sleeping posture; as, a lion dormant; -- distinguished from {couchant}. [1913 Webster]

{Dormant partner} (Com.), a partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses; -- called also {sleeping partner} or {silent partner}.

{Dormant window} (Arch.), a dormer window. See {Dormer}.

{Table dormant}, a stationary table. [Obs.] --Chaucer. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

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  • sleeping partner — ➔ partner1 * * * sleeping partner UK US noun [C] UK FINANCE ► SILENT PARTNER(Cf. ↑silent partner): »Morrow was the sleeping partner behind many of these successful ventures …   Financial and business terms

  • Sleeping partner — Sleeping Sleep ing, a. & n. from {Sleep}. [1913 Webster] {Sleeping car}, a railway car or carrriage, arranged with apartments and berths for sleeping. {Sleeping partner} (Com.), a dormant partner. See under {Dormant}. {Sleeping table} (Mining), a …   The Collaborative International Dictionary of English

  • sleeping partner — sleeping partners N COUNT A sleeping partner is a person who provides some of the capital for a business but who does not take an active part in managing the business. [BRIT] (in AM, use silent partner) …   English dictionary

  • sleeping partner — a partner who takes no active part in the administration of the firm. As far as liabilities of the firm are concerned, however, he is as much a partner and responsible as such just as much as if he took an equally active part in the… …   Law dictionary

  • sleeping partner — n BrE someone who owns part of a business but is not actively involved in running it American Equivalent: silent partner …   Dictionary of contemporary English

  • sleeping partner — noun count BRITISH a SILENT PARTNER …   Usage of the words and phrases in modern English

  • sleeping partner — ► NOUN Brit. ▪ a partner not sharing in the actual work of a firm …   English terms dictionary

  • sleeping partner — n. Brit. term for SILENT PARTNER …   English World dictionary

  • sleeping partner — noun a partner (who usually provides capital) whose association with the enterprise is not public knowledge • Syn: ↑silent partner • Hypernyms: ↑partner * * * noun, pl ⋯ ners [count] Brit : ↑silent partner * * * ˌsleeping ˈpartner [ …   Useful english dictionary

  • sleeping partner — UK / US noun [countable] Word forms sleeping partner : singular sleeping partner plural sleeping partners British someone who invests money in a business but does not help to manage it …   English dictionary

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