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sleeping partner. In DICTIOUS you will not only get to know all the dictionary meanings for the word
sleeping partner, but we will also tell you about its etymology, its characteristics and you will know how to say
sleeping partner in singular and plural. Everything you need to know about the word
sleeping partner you have here. The definition of the word
sleeping partner will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
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English
Alternative forms
Noun
sleeping partner (plural sleeping partners)
- (UK) A business partner who doesn't play an active role in running the day-to-day operations of a business, who instead, finances the business in the form of capital investment.
- Synonym: silent partner
1957 [1944], Karl Polanyi, chapter 9, in The Great Transformation, Beacon Press: Boston, page 108:Somewhat later, the Frenchman Charles Fourier was ridiculed for expecting day by day the sleeping-partner to turn up who would invest in his Phalanstère plan, which was based on ideas very similar to those sponsored by one of the greatest contemporary experts on finance.
Translations
a business partner who is not involved in the day-to-day business, but puts up capital