One of the mysteries of the English language finally explained.
A partner not sharing in the actual work of a firm.
- ‘The other 15% of the firm is owned by four silent partners, who invested another $10,500 in seed money for a total of $70,000 in start-up costs.’
- ‘Keep in mind, however, that individual investors tend to be silent partners, which could be good or bad, depending on your needs.’
- ‘Over a three-year period he recruited silent partners through newspaper adverts, promising to pay them ‘substantial returns’.’
- ‘Her evidence was that the business was ready to go by March 2001, and that she was going to be the active partner, and her son-in-law would be the silent partner.’
- ‘If being around him in business is too painful or exhausting personally, then cash out and look for another business venture or become a silent partner.’
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