dormant partner



Contributor or investor who is not active in managing a firm and may not be known to the outsiders. A dormant partner shares profits and losses with other partners but (if he or she is not a signatory to the loan agreements) generally may withdraw from the firm without notice to the lenders.

Use dormant partner in a sentence

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z