nominal partner
Definition
Person who has an interest in the success of a partnership firm but, legally, is not partner because he or she neither owns a part of the firm nor actively participates in its affairs. Often a nominal partner is a well known, well connected individual whose name lends credibility and recognition to the firm, and is paid a fee for this service. Also called limited partner or ostensible partner.
Mentioned in these definitions
Popular 'Corporate, Commercial, & General Law' Terms
nominal partner in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/nominal-partner.html
