dormant partner

3 definitions found

dormant partner - Collaborative International Dictionary of English v.0.48 :

  Partner \Part"ner\ (p[aum]rt"n[~e]r), n. [For parcener,
     influenced by part.]
     1. One who has a part in anything with an other; a partaker;
        an associate; a sharer. "Partner of his fortune." --Shak.
        Hence:
        (a) A husband or a wife.
        (b) Either one of a couple who dance together.
        (c) One who shares as a member of a partnership in the
            management, or in the gains and losses, of a business.
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                  My other self, the partner of my life. --Milton.
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     2. (Law) An associate in any business or occupation; a member
        of a partnership. See Partnership.
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     3. pl. (Naut.) A framework of heavy timber surrounding an
        opening in a deck, to strengthen it for the support of a
        mast, pump, capstan, or the like.
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     Dormant partner, or Silent partner. See under Dormant,
        a.
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     Syn: Associate; colleague; coadjutor; confederate; partaker;
          participator; companion; comrade; mate.
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  Dormancy \Dor"man*cy\, n. [From Dormant.]
     The state of being dormant; quiescence; abeyance.
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           It is by lying dormant a long time, or being . . . very
           rarely exercised, that arbitrary power steals upon a
           people.                                  --Burke.
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     2. (Her.) In a sleeping posture; as, a lion dormant; --
        distinguished from couchant.
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     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.
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dormant partner - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  DORMANT PARTNER. One who is a participant in the profits of a firm, but his 
  name being concealed, his interest is not apparent. See Partners,