Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- n. One that makes financial investments in a business enterprise but does not participate in its management.
Wiktionary
- n. A partner who is not actively involved in the running of a business
GNU Webster's 1913
- adj. See Dormant partner, under Dormant.
WordNet 3.0
- n. a partner (who usually provides capital) whose association with the enterprise is not public knowledge
Examples
“He found out that those processes wrongly known as "monologues" are really dialogues of a special kind; dialogues in which one partner remains silent while the other, against all grammatical rules, addresses him as "I" instead of "you", in order to creep into his confidence and to fathom his intentions; but the silent partner just remains silent, shuns observation and even refuses to be localized in time and space.”
“Still, his first step was tentative—an agreement with Bingham to invest as a silent partner with him and Captain George Ord, a daring sailor who won fame in a powder raid on Bermuda in 1775 and helmed the Lady Catherine on her eventful voyage to New Orleans.”
“And Parker had failed to find the funds he sought in Boston, forcing him to turn to John Holker, his silent partner in the army contracts, for additional financing.”
“By a contract signed on March 3, Morris agreed to become a silent partner with William Alexander & Company, sharing in all profits and losses.”
“Now, however, it seemed to Rubashov that the habitually silent partner spoke sometimes, without being addressed and without any visible pretext; his voice sounded totally unfamiliar to Rubashov, who listened in honest wonder and found that his own lips were moving.”
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